Shares of Paramount Resources Ltd. (TSE:POU - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$19.80 and traded as high as C$19.83. Paramount Resources shares last traded at C$19.48, with a volume of 586,207 shares trading hands.
Analyst Upgrades and Downgrades
POU has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on Paramount Resources from C$21.00 to C$25.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price target on Paramount Resources from C$21.00 to C$23.00 and gave the company a "sector perform" rating in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$24.33.
Read Our Latest Stock Report on Paramount Resources
Paramount Resources Stock Performance
The stock has a market cap of C$3.01 billion, a price-to-earnings ratio of 8.29, 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. The business has a 50-day moving average of C$21.24 and a 200-day moving average of C$19.51.
Paramount Resources Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 29th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. Paramount Resources's payout ratio is currently 73.70%.
Insider Buying and Selling at Paramount Resources
In other Paramount Resources news, Senior Officer Rodrigo Sousa sold 43,535 shares of the business'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. 45.36% of the stock is owned by corporate insiders.
About Paramount Resources
(
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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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