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

Key Points

• Paramount Resources Ltd. has received an average rating of "Moderate Buy" from analysts, with a 12-month price target of C$24.33.
• The company recently raised its monthly dividend to $0.05 per share, reflecting a 2.9% yield and a payout ratio of 11.94%.
• Paramount's stock has shown stable growth, with a market cap of C$2.93 billion and trading between a 1-year low of C$14.33 and a high of C$32.83.

Paramount Resources Ltd. (TSE:POU - Get Free Report) has received an average recommendation of "Moderate Buy" from the four brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$24.33.

A number of brokerages recently issued reports on POU. Royal Bank Of Canada raised their target price on shares of Paramount Resources from C$21.00 to C$23.00 and gave the stock a "sector perform" rating in a research report on Monday, June 30th. Jefferies Financial Group raised their target price on shares of Paramount Resources from C$21.00 to C$25.00 in a research report on Wednesday, July 23rd.

Paramount Resources Trading Up 0.4%

Shares of POU opened at C$20.42 on Friday. Paramount Resources has a 1-year low of C$14.33 and a 1-year high of C$32.83. The firm has a 50 day simple moving average of C$20.99 and a 200-day simple moving average of C$19.27. The stock has a market cap of C$2.93 billion, a price-to-earnings ratio of 2.03, a price-to-earnings-growth ratio of 0.14 and a beta of 0.77. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68.

Paramount Resources Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 29th were given a dividend of $0.05 per share. The ex-dividend date was Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. Paramount Resources's dividend payout ratio (DPR) is 11.94%.

Insider Transactions at Paramount Resources

In related news, 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. Company insiders own 45.36% of the company's stock.

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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