Paramount Resources Ltd. (TSE:POU - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$37.60.
POU has been the topic of a number of research reports. Cibc World Mkts upgraded Paramount Resources from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 17th. Cormark raised Paramount Resources from a "hold" rating to a "moderate buy" rating in a research report on Friday, November 15th. CIBC upped their price target on shares of Paramount Resources from C$38.00 to C$39.50 in a research report on Friday, November 15th. Jefferies Financial Group lowered their price objective on shares of Paramount Resources from C$36.00 to C$29.00 and set a "buy" rating on the stock in a research note on Monday, September 16th. Finally, Royal Bank of Canada boosted their target price on shares of Paramount Resources from C$34.00 to C$37.00 in a research report on Friday, November 15th.
Read Our Latest Research Report on POU
Insiders Place Their Bets
In related news, insider Brenda Gail Riddell bought 100,000 shares of the stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of C$31.30 per share, with a total value of C$3,129,630.00. Also, Director Kimberley Elizabeth Lynch Proctor bought 3,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of C$31.36 per share, with a total value of C$94,080.00. 45.36% of the stock is currently owned by company insiders.
Paramount Resources Stock Performance
POU stock traded down C$0.51 on Friday, hitting C$30.21. The company had a trading volume of 579,087 shares, compared to its average volume of 309,842. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. Paramount Resources has a 12-month low of C$24.51 and a 12-month high of C$33.06. The stock has a market cap of C$4.43 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 0.14 and a beta of 3.04. The stock's 50-day simple moving average is C$28.26 and its 200 day simple moving average is C$29.13.
Paramount Resources Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were issued a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Friday, November 15th. Paramount Resources's dividend payout ratio is currently 76.27%.
Paramount Resources Company Profile
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Get Free ReportParamount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.
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