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

Shares of Paramount Resources Ltd. (TSE:POU - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the four brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$23.67.

POU has been the topic of several analyst reports. Royal Bank Of Canada lifted their price objective on Paramount Resources from C$21.00 to C$23.00 and gave the stock a "sector perform" rating in a report on Monday, June 30th. Raymond James Financial set a C$20.00 price target on shares of Paramount Resources and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. Finally, CIBC dropped their price target on shares of Paramount Resources from C$24.50 to C$22.00 in a research note on Thursday, April 10th.

Paramount Resources Trading Up 0.5%

Shares of POU opened at C$21.70 on Friday. Paramount Resources has a 12 month low of C$14.33 and a 12 month high of C$32.83. The stock's 50-day moving average is C$19.99 and its two-hundred day moving average is C$21.74. 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 stock has a market cap of C$3.23 billion, a PE ratio of 8.89, a P/E/G ratio of 0.14 and a beta of 3.04.

Paramount Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.76%. Paramount Resources's dividend payout ratio (DPR) is presently 73.70%.

Insiders Place Their Bets

In other Paramount Resources news, Senior Officer Garth W.J. Stotts sold 5,122 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$19.16, for a total transaction of C$98,130.35. Also, Senior Officer Rodrigo Sousa sold 43,535 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$21.85, for a total transaction of C$951,239.75. 45.36% of the stock is currently owned by company insiders.

Paramount Resources Company Profile

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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