Paramount Resources Ltd. (TSE:POU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Paramount Resources Ltd. (TSE:POU) have earned a consensus recommendation of “Moderate Buy” from the four research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$23.33.

A number of research firms have issued reports on POU. Royal Bank of Canada upped their price target on shares of Paramount Resources from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a report on Thursday, May 22nd. Scotiabank dropped their price objective on Paramount Resources from C$46.00 to C$31.00 in a research note on Wednesday, February 19th. National Bank Financial lowered Paramount Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Raymond James set a C$20.00 price objective on Paramount Resources and gave the stock a “market perform” rating in a research note on Tuesday, April 8th. Finally, CIBC dropped their price objective on Paramount Resources from C$24.50 to C$22.00 in a research note on Thursday, April 10th.

Insider Transactions at Paramount Resources

In other Paramount Resources news, Senior Officer Garth W.J. Stotts sold 5,122 shares of the company’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of C$19.16, for a total transaction of C$98,130.35. Also, Director Dirk Jungé bought 2,000 shares of the company’s stock in a transaction on Wednesday, April 9th. The shares were acquired at an average price of C$14.80 per share, with a total value of C$29,595.90. 45.36% of the stock is owned by company insiders.

Paramount Resources Stock Up 2.5%

POU stock opened at C$21.99 on Monday. Paramount Resources has a 12-month low of C$14.33 and a 12-month high of C$32.83. 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 company has a market cap of C$3.27 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.14 and a beta of 3.04. The company has a 50 day moving average of C$17.81 and a two-hundred day moving average of C$22.81.

Paramount Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Monday, June 16th. Paramount Resources’s payout ratio is currently 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.