Paramount Resources Ltd. (TSE:POU - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.11 and traded as high as C$20.63. Paramount Resources shares last traded at C$20.58, with a volume of 222,244 shares changing hands.
Analyst Ratings Changes
Several research firms recently weighed in on POU. Jefferies Financial Group lifted their target price on Paramount Resources from C$21.00 to C$25.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted their target price on 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. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Paramount Resources has a consensus rating of "Moderate Buy" and a consensus target price of C$24.33.
Check Out Our Latest Analysis on POU
Paramount Resources Stock Down 1.4%
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 company has a 50-day moving average price of C$21.35 and a 200 day moving average price of C$20.05. The firm has a market capitalization of C$2.97 billion, a PE ratio of 8.18, a P/E/G ratio of 0.14 and a beta of 3.04.
Paramount Resources Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.05 per share. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 15th. Paramount Resources's dividend payout ratio is 73.70%.
Insider Activity at Paramount Resources
In other news, Senior Officer Rodrigo Sousa sold 43,535 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was 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 the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of C$19.16, for a total value of C$98,130.35. 45.36% of the stock is owned by corporate insiders.
About Paramount Resources
(
Get Free Report)
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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