Paramount Resources Ltd. (TSE:POU) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Paramount Resources Ltd. (TSE:POU - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$38.67.

Several brokerages recently weighed in on POU. Cibc World Mkts raised shares of Paramount Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 17th. Cormark raised shares of Paramount Resources from a "hold" rating to a "moderate buy" rating in a research report on Friday, November 15th. Royal Bank of Canada lifted their price objective on shares of Paramount Resources from C$34.00 to C$37.00 in a research report on Friday, November 15th. CIBC lifted their price objective on shares of Paramount Resources from C$38.00 to C$39.50 in a research report on Friday, November 15th. Finally, Scotiabank lifted their price objective on shares of Paramount Resources from C$44.00 to C$46.00 in a research report on Friday, January 17th.

Paramount Resources Trading Down 1.4 %

TSE POU traded down C$0.41 during trading on Friday, hitting C$29.11. The stock had a trading volume of 469,823 shares, compared to its average volume of 547,984. The company has a market capitalization of C$4.27 billion, a PE ratio of 12.33, a PEG ratio of 0.14 and a beta of 3.04. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of C$30.78 and a 200 day moving average price of C$28.91. Paramount Resources has a twelve month low of C$24.51 and a twelve month high of C$33.06.

Paramount Resources (TSE:POU - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported C$0.64 earnings per share for the quarter, missing the consensus estimate of C$0.92 by C($0.28). Paramount Resources had a net margin of 19.66% and a return on equity of 10.03%. As a group, equities research analysts forecast that Paramount Resources will post 1.4075758 earnings per share for the current year.

Paramount Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.80 annualized dividend and a yield of 6.18%. Paramount Resources's dividend payout ratio is currently 76.27%.

Insider Buying and Selling

In other Paramount Resources news, Senior Officer Michael S. Han sold 8,320 shares of Paramount Resources stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total value of C$256,788.48. Also, insider Brenda Gail Riddell acquired 100,000 shares of the company's stock in a transaction on Monday, November 25th. The stock was acquired at an average price of C$31.30 per share, for a total transaction of C$3,129,630.00. In the last ninety days, insiders have purchased 103,248 shares of company stock worth $3,231,616 and have sold 88,320 shares worth $2,730,172. 45.36% of the stock is owned by company insiders.

About Paramount Resources

Paramount 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.