Paramount Resources Ltd. (TSE:POU - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$29.36 and traded as high as C$32.03. Paramount Resources shares last traded at C$31.68, with a volume of 232,830 shares trading hands.
Analyst Upgrades and Downgrades
POU has been the topic of a number of research reports. ATB Cormark Capital Markets raised their price target on Paramount Resources from C$35.00 to C$37.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Scotia increased their target price on Paramount Resources from C$34.00 to C$36.00 and gave the company a "sector perform" rating in a report on Friday, August 7th. Royal Bank Of Canada boosted their price target on Paramount Resources from C$35.00 to C$37.00 and gave the company a "sector perform" rating in a research note on Friday, August 7th. Raymond James Financial increased their price objective on shares of Paramount Resources from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 13th. Finally, Scotiabank upgraded shares of Paramount Resources to a "hold" rating in a research report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Paramount Resources has a consensus rating of "Moderate Buy" and a consensus price target of C$34.35.
Check Out Our Latest Stock Report on Paramount Resources
Paramount Resources Trading Down 0.9%
The company has a market capitalization of C$4.62 billion, a P/E ratio of 40.62, a PEG ratio of 0.14 and a beta of -0.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.68 and a current ratio of 1.87. The stock has a fifty day moving average of C$29.86 and a 200 day moving average of C$29.36.
Paramount Resources (TSE:POU - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.47 earnings per share (EPS) for the quarter. The business had revenue of C$317.90 million during the quarter. Paramount Resources had a return on equity of 4.30% and a net margin of 11.19%. As a group, equities research analysts anticipate that Paramount Resources Ltd. will post 1.4075758 EPS for the current fiscal year.
Paramount Resources Announces Dividend
The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 31st were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a c) annualized dividend and a yield of 1.9%. Paramount Resources's dividend payout ratio is currently 76.92%.
Insiders Place Their Bets
In other Paramount Resources news, Director James Geral Bell sold 2,050 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of C$27.17, for a total transaction of C$55,698.50. 45.36% of the stock is owned by insiders.
About Paramount Resources
(
Get Free Report)
Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company's principal properties are located in Alberta and British Columbia. Paramount's class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".
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