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

Key Points

• Paramount Resources Ltd. has a consensus recommendation of "Moderate Buy" from four analysts, with an average 1-year price target set at C$24.33.
• Senior officers have recently sold significant shares of the company, with a combined value exceeding C$1 million.
• The company recently announced a monthly dividend of $0.05, offering a dividend yield of 2.9% and a payout ratio of 73.70%.

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

A number of research firms have recently weighed in on POU. Jefferies Financial Group boosted their target price on shares of Paramount Resources from C$21.00 to C$25.00 in a 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. Finally, 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.

Paramount Resources Price Performance

TSE POU traded down C$0.04 on Tuesday, reaching C$20.33. The company had a trading volume of 73,795 shares, compared to its average volume of 674,011. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of C$3.03 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. The firm's 50 day moving average price is C$21.27 and its 200 day moving average price is C$20.37. Paramount Resources has a 12 month low of C$14.33 and a 12 month high of C$32.83.

Paramount Resources Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be paid a $0.05 dividend. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. Paramount Resources's dividend payout ratio is presently 73.70%.

Insiders Place Their Bets

In related news, Senior Officer Rodrigo Sousa sold 43,535 shares of the 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. Also, Senior Officer Garth W.J. Stotts sold 5,122 shares of Paramount Resources stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$19.16, for a total transaction of C$98,130.35. 45.36% of the stock is owned by corporate insiders.

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.