Paramount Resources (TSE:POU) Raised to "Moderate Buy" at Raymond James

Raymond James upgraded shares of Paramount Resources (TSE:POU - Free Report) to a moderate buy rating in a research report report published on Monday, April 7th,Zacks.com reports.

POU has been the topic of several other reports. BMO Capital Markets decreased their target price on shares of Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Jefferies Financial Group dropped their target price on shares of Paramount Resources from C$35.00 to C$21.00 in a research report on Monday, February 24th. 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. CIBC decreased their target price on Paramount Resources from C$39.50 to C$24.50 in a report on Wednesday, February 19th. Finally, National Bank Financial cut Paramount Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Three investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$26.88.

Paramount Resources Stock Performance

Shares of POU stock traded down C$0.09 during mid-day trading on Monday, reaching C$15.85. The stock had a trading volume of 98,827 shares, compared to its average volume of 941,382. Paramount Resources has a one year low of C$14.33 and a one year high of C$33.06. The firm has a market cap of C$2.36 billion, a PE ratio of 6.49, a P/E/G ratio of 0.14 and a beta of 3.04. The firm's 50 day simple moving average is C$19.58 and its 200 day simple moving average is C$25.85. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06.

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Paramount Resources Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.79%. Paramount Resources's dividend payout ratio is 73.70%.

Insider Activity at Paramount Resources

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

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.