Raymond James set a C$20.00 price target on Paramount Resources (TSE:POU - Free Report) in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.
Other analysts have also recently issued reports about the stock. National Bank Financial cut shares of Paramount Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Scotiabank cut their target price on shares of Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. BMO Capital Markets lowered their price target on Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Royal Bank of Canada cut their price objective on Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group reduced their price objective on Paramount Resources from C$35.00 to C$21.00 in a research report on Monday, February 24th. Three research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$26.88.
Check Out Our Latest Stock Analysis on POU
Paramount Resources Stock Performance
Shares of POU stock traded up C$0.50 during trading on Tuesday, reaching C$15.94. The company had a trading volume of 291,912 shares, compared to its average volume of 953,491. The firm's 50 day simple moving average is C$19.58 and its two-hundred day simple moving average is C$25.85. 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 current ratio of 0.62 and a quick ratio of 0.68. The company has a market capitalization of C$2.37 billion, a PE ratio of 6.53, a PEG ratio of 0.14 and a beta of 3.04.
Paramount Resources Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 3.76%. Paramount Resources's dividend payout ratio (DPR) is currently 73.70%.
Insider Activity at Paramount Resources
In other news, Senior Officer Rodrigo Sousa bought 5,600 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of C$15.78 per share, for a total transaction of C$88,365.76. Also, Director Dirk Jungé bought 2,000 shares of Paramount Resources stock in a transaction dated Wednesday, April 9th. The stock was acquired at an average cost of C$14.80 per share, for a total transaction of C$29,595.90. Insiders have acquired a total of 10,600 shares of company stock valued at $164,838 over the last quarter. 45.36% of the stock is owned by company insiders.
Paramount Resources Company Profile
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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.
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