Paramount Resources Ltd. (TSE:POU) Given Average Rating of "Moderate Buy" by Analysts

Paramount Resources Ltd. (TSE:POU - Get Free Report) has been given an average rating of "Moderate Buy" by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$26.88.

Several brokerages have recently issued reports on POU. BMO Capital Markets decreased their target price on Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Royal Bank of Canada decreased their price objective on shares of Paramount Resources from C$34.00 to C$19.00 in a report on Tuesday, February 18th. Scotiabank lowered their price objective on shares of Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. National Bank Financial downgraded shares of Paramount Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered their price target on shares of Paramount Resources from C$35.00 to C$21.00 in a report on Monday, February 24th.

Paramount Resources Stock Performance

Shares of POU remained flat at C$15.96 on Friday. The company had a trading volume of 162,487 shares, compared to its average volume of 943,533. The business has a 50-day moving average price of C$19.28 and a 200 day moving average price of C$25.78. The firm has a market capitalization of C$2.38 billion, a PE ratio of 6.54, a PEG ratio of 0.14 and a beta of 3.04. Paramount Resources has a one year low of C$14.33 and a one year 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.

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Paramount Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 3.76%. The ex-dividend date is Tuesday, April 15th. Paramount Resources's payout ratio is 73.70%.

Insider Transactions at Paramount Resources

In other Paramount Resources news, Director Dirk Jungé acquired 2,000 shares of the business's stock in a transaction dated Wednesday, April 9th. The stock was bought at an average price of C$14.80 per share, with a total value of C$29,595.90. Also, Senior Officer Rodrigo Sousa bought 5,600 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average cost of C$15.78 per share, for a total transaction of C$88,365.76. Over the last quarter, insiders have bought 10,600 shares of company stock valued at $164,838. 45.36% of the stock is currently owned by company 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.