Dirk Jungé Purchases 3,000 Shares of Paramount Resources Ltd. (TSE:POU) Stock

Paramount Resources Ltd. (TSE:POU) Director Dirk Jungé bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of C$15.63 per share, with a total value of C$46,876.32.

Paramount Resources Stock Up 0.1 %

Shares of TSE:POU opened at C$16.00 on Wednesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68. The business has a 50 day simple moving average of C$26.25 and a two-hundred day simple moving average of C$27.56. Paramount Resources Ltd. has a 1 year low of C$14.33 and a 1 year high of C$33.06. The firm has a market capitalization of C$2.38 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04.

Paramount Resources Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were given a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, February 20th. Paramount Resources’s dividend payout ratio (DPR) is presently 73.70%.

Analysts Set New Price Targets

POU has been the subject of a number of recent research reports. Scotiabank dropped their price objective on shares of Paramount Resources from C$46.00 to C$31.00 in a research note on Wednesday, February 19th. National Bank Financial lowered Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. CIBC decreased their price objective on Paramount Resources from C$39.50 to C$24.50 in a research report on Wednesday, February 19th. Cormark raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 15th. Finally, BMO Capital Markets cut their target price on Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$28.21.

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.