Paramount Resources (TSE:POU) Given a C$20.00 Price Target by Raymond James Analysts

Raymond James set a C$20.00 price objective on Paramount Resources (TSE:POU) in a research report released on Tuesday morning,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group cut their target price on shares of Paramount Resources from C$35.00 to C$21.00 in a report on Monday, February 24th. National Bank Financial lowered shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Scotiabank decreased their price objective on shares of Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. BMO Capital Markets dropped their target price on Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Finally, CIBC reduced their price target on Paramount Resources from C$39.50 to C$24.50 in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$27.19.

Paramount Resources Stock Down 4.1 %

Paramount Resources stock opened at C$15.13 on Tuesday. The business’s 50-day moving average price is C$20.64 and its 200 day moving average price is C$26.11. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06. The firm has a market cap of C$2.25 billion, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. Paramount Resources has a 52 week low of C$14.33 and a 52 week high of C$33.06.

Paramount Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th will be given a $0.05 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 3.97%. Paramount Resources’s dividend payout ratio (DPR) is presently 73.70%.

Insider Buying and Selling

In other Paramount Resources news, Director Dirk Jungé acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of C$15.63 per share, with a total value of C$46,876.32. Also, Senior Officer Rodrigo Sousa acquired 5,600 shares of the business’s stock in a transaction on Friday, March 7th. The stock was acquired at an average price of C$15.78 per share, with a total value of C$88,365.76. Over the last ninety days, insiders bought 8,848 shares of company stock worth $143,148. 45.36% of the stock is owned by corporate insiders.

About Paramount Resources

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.