Paramount Resources (TSE:POU) PT Raised to C$36.00 at Stifel Nicolaus

Paramount Resources (TSE:POU) had its price objective boosted by Stifel Nicolaus from C$33.00 to C$36.00 in a report released on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on the stock. ATB Capital reduced their target price on shares of Paramount Resources from C$37.00 to C$36.00 and set an outperform rating on the stock in a report on Thursday, March 7th. National Bankshares upped their target price on shares of Paramount Resources from C$37.50 to C$40.00 and gave the company an outperform rating in a report on Friday, April 19th. Jefferies Financial Group reduced their target price on shares of Paramount Resources from C$33.00 to C$31.00 in a report on Thursday, March 7th. BMO Capital Markets set a C$37.00 target price on shares of Paramount Resources and gave the company an outperform rating in a report on Tuesday, April 9th. Finally, Royal Bank of Canada reduced their target price on shares of Paramount Resources from C$33.00 to C$32.00 and set a sector perform rating on the stock in a report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$34.95.

Paramount Resources Price Performance

Paramount Resources stock opened at C$30.38 on Tuesday. Paramount Resources has a 52 week low of C$24.59 and a 52 week high of C$33.80. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 0.83. The firm’s 50-day simple moving average is C$28.20 and its 200 day simple moving average is C$27.84. The firm has a market capitalization of C$4.39 billion, a PE ratio of 9.58, a P/E/G ratio of 0.14 and a beta of 3.31.

Paramount Resources (TSE:POU) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate of C$0.95 by C($0.20). The business had revenue of C$470.50 million during the quarter, compared to analysts’ expectations of C$436.00 million. Paramount Resources had a return on equity of 13.67% and a net margin of 26.13%. On average, equities research analysts predict that Paramount Resources will post 2.5252525 EPS for the current fiscal year.

Paramount Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.50 annualized dividend and a dividend yield of 4.94%. Paramount Resources’s payout ratio is currently 47.32%.

Insider Transactions at Paramount Resources

In other news, Director Dirk Jungé sold 4,027 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$28.56, for a total transaction of C$115,028.03. In related news, Director James Geral Bell sold 6,666 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$29.03, for a total transaction of C$193,513.98. Also, Director Dirk Jungé sold 4,027 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of C$28.56, for a total transaction of C$115,028.03. Insiders have sold a total of 69,655 shares of company stock worth $2,021,257 in the last three months. Company insiders own 45.91% of the company’s stock.

Paramount Resources Company Profile

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.