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

Paramount Resources Ltd. (TSE:POU - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the four analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$24.33.

A number of analysts have weighed in on the stock. Jefferies Financial Group increased their target price on shares of Paramount Resources from C$21.00 to C$25.00 in a research report on Wednesday, July 23rd. CIBC decreased their target price on shares of Paramount Resources from C$24.50 to C$22.00 in a research report on Thursday, April 10th. Royal Bank Of Canada increased their target price on shares of Paramount Resources from C$21.00 to C$23.00 and gave the company a "sector perform" rating in a research report on Monday, June 30th. Finally, Raymond James Financial set a C$20.00 price target on Paramount Resources and gave the stock a "market perform" rating in a report on Tuesday, April 8th.

Insiders Place Their Bets

In related news, Senior Officer Garth W.J. Stotts sold 5,122 shares of Paramount Resources stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$19.16, for a total value of C$98,130.35. Also, Senior Officer Rodrigo Sousa sold 43,535 shares of Paramount Resources stock in a transaction 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 owned by company insiders.

Paramount Resources Stock Performance

TSE:POU opened at C$20.69 on Tuesday. The company has a market capitalization of C$3.08 billion, a PE ratio of 8.47, a P/E/G ratio of 0.14 and a beta of 3.04. The company has a 50 day simple moving average of C$21.17 and a two-hundred day simple moving average of C$20.49. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. Paramount Resources has a fifty-two week low of C$14.33 and a fifty-two week high of C$32.83.

Paramount Resources Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 31st were issued a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, July 15th. Paramount Resources's dividend payout ratio is presently 73.70%.

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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