Paramount Resources Ltd. (TSE:POU) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Paramount Resources Ltd. (TSE:POU) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$28.21.

POU has been the subject of a number of analyst reports. National Bank Financial lowered Paramount Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. BMO Capital Markets lowered their target price on Paramount Resources from C$40.00 to C$25.00 in a report on Wednesday, February 19th. CIBC lowered their target price on Paramount Resources from C$39.50 to C$24.50 in a report on Wednesday, February 19th. Jefferies Financial Group lowered their target price on Paramount Resources from C$35.00 to C$21.00 in a report on Monday, February 24th. Finally, Royal Bank of Canada decreased their price objective on Paramount Resources from C$34.00 to C$19.00 in a report on Tuesday, February 18th.

Paramount Resources Stock Up 1.5 %

Paramount Resources stock opened at C$16.46 on Monday. The business has a fifty day moving average of C$25.31 and a two-hundred day moving average of C$27.31. 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$2.45 billion, a P/E ratio of 6.74, a P/E/G ratio of 0.14 and a beta of 3.04. Paramount Resources has a twelve month low of C$14.33 and a twelve month high of C$33.06.

Paramount Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Monday, March 17th. Paramount Resources’s payout ratio is 73.70%.

Insider Activity at Paramount Resources

In related news, Senior Officer Michael S. Han sold 8,320 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$30.86, for a total value of C$256,788.48. Also, Director Dirk Jungé bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of C$15.63 per share, for a total transaction of C$46,876.32. Insiders have bought a total of 8,848 shares of company stock valued at $143,148 in the last ninety days. Company insiders own 45.36% of the company’s stock.

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.