Paramount Resources Ltd. (TSE:POU - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.09 and traded as low as C$21.61. Paramount Resources shares last traded at C$21.67, with a volume of 210,736 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Raymond James Financial set a C$20.00 price objective on Paramount Resources and gave the company a "market perform" rating in a research report on Tuesday, April 8th. Royal Bank Of Canada boosted their price objective 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. Finally, CIBC lowered their target price on shares of Paramount Resources from C$24.50 to C$22.00 in a report on Thursday, April 10th. Two 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$23.67.
View Our Latest Stock Analysis on Paramount Resources
Paramount Resources Stock Performance
The firm's fifty day simple moving average is C$19.23 and its 200 day simple moving average is C$22.09. The company has a market capitalization of C$3.22 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. 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 Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were paid a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Monday, June 16th. Paramount Resources's dividend payout ratio is currently 73.70%.
Insider Transactions at Paramount Resources
In related news, 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 value of C$98,130.35. Also, Director Dirk Jungé purchased 2,000 shares of the stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average cost of C$14.80 per share, for a total transaction of C$29,595.90. Corporate insiders own 45.36% of the company's stock.
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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