Paramount Resources Ltd. (TSE:POU - Get Free Report) shares 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 trading hands.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on POU shares. Jefferies Financial Group boosted their price objective on Paramount Resources from C$21.00 to C$25.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on Paramount Resources from C$21.00 to C$23.00 and gave the company a "sector perform" rating in a research note on Monday, June 30th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$24.33.
Check Out Our Latest Stock Analysis on Paramount Resources
Paramount Resources Stock Performance
The firm has a fifty day moving average of C$21.35 and a 200-day moving average of C$19.93. The firm has a market cap of C$2.97 billion, a P/E ratio of 8.18, a PEG ratio of 0.14 and a beta of 3.04. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06.
Paramount Resources Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be issued a $0.05 dividend. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a yield of 3.0%. Paramount Resources's dividend payout ratio (DPR) is currently 73.70%.
Insider Activity
In related news, Senior Officer Rodrigo Sousa sold 43,535 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of C$21.85, for a total value of C$951,239.75. Also, Senior Officer Garth W.J. Stotts sold 5,122 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were 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 company insiders.
Paramount Resources Company Profile
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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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