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

Paramount Resources Ltd. (TSE:POU - Get Free Report) Director Dirk Jungé acquired 3,000 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of C$15.63 per share, for a total transaction of C$46,876.32.

Paramount Resources Trading Up 1.4 %

Shares of POU traded up C$0.23 during mid-day trading on Friday, reaching C$16.45. 152,832 shares of the company were exchanged, compared to its average volume of 1,002,371. Paramount Resources Ltd. has a 52 week low of C$14.33 and a 52 week high of C$33.06. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. The stock has a market capitalization of C$2.45 billion, a PE ratio of 6.74, a PEG ratio of 0.14 and a beta of 3.04. The business has a 50 day simple moving average of C$25.63 and a two-hundred day simple moving average of C$27.40.

Paramount Resources Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were issued a $0.05 dividend. The ex-dividend date was Thursday, February 20th. This represents a $0.60 dividend on an annualized basis and a yield of 3.65%. Paramount Resources's payout ratio is currently 73.70%.

Wall Street Analyst Weigh In

POU has been the topic of a number of recent analyst reports. CIBC decreased their price target on Paramount Resources from C$39.50 to C$24.50 in a research report on Wednesday, February 19th. Scotiabank decreased their price target on Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. Jefferies Financial Group decreased their price target on Paramount Resources from C$35.00 to C$21.00 in a research report on Monday, February 24th. Royal Bank of Canada decreased their price target on Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. Finally, National Bank Financial lowered Paramount Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$28.21.

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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.