Analysts Set Paramount Resources Ltd. (TSE:POU) Target Price at C$28.21

Paramount Resources Ltd. (TSE:POU) has received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$28.21.

Several equities research analysts have weighed in on POU shares. CIBC dropped their price objective on Paramount Resources from C$39.50 to C$24.50 in a report on Wednesday, February 19th. Jefferies Financial Group lowered their target price on Paramount Resources from C$35.00 to C$21.00 in a research note on Monday, February 24th. Scotiabank lowered their target price on Paramount Resources from C$46.00 to C$31.00 in a research note on Wednesday, February 19th. Royal Bank of Canada lowered their target price on Paramount Resources from C$34.00 to C$19.00 in a research note on Tuesday, February 18th. Finally, BMO Capital Markets lowered their target price on Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th.

Insider Activity at Paramount Resources

In related news, Senior Officer Michael S. Han sold 8,320 shares of Paramount Resources stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$30.86, for a total value of C$256,788.48. Also, Senior Officer Rodrigo Sousa bought 5,600 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of C$15.78 per share, with a total value of C$88,365.76. Insiders purchased a total of 8,848 shares of company stock valued at $143,148 in the last 90 days. Corporate insiders own 45.36% of the company’s stock.

Paramount Resources Trading Down 0.2 %

TSE POU opened at C$17.51 on Monday. Paramount Resources has a fifty-two week low of C$14.33 and a fifty-two week high of C$33.06. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. The stock has a 50 day simple moving average of C$23.84 and a two-hundred day simple moving average of C$26.92. The stock has a market cap of C$2.61 billion, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04.

Paramount Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Monday, March 17th. Paramount Resources’s dividend payout ratio (DPR) is presently 73.70%.

Paramount Resources Company Profile

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.