Paramount Resources (TSE:POU) Price Target Raised to C$27.50 at National Bankshares

Paramount Resources (TSE:POU) had its price target upped by National Bankshares from C$25.00 to C$27.50 in a research note issued to investors on Thursday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

POU has been the topic of a number of other reports. Jefferies Financial Group upped their target price on shares of Paramount Resources from C$21.00 to C$25.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on shares of Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.21.

Paramount Resources Price Performance

Paramount Resources stock opened at C$22.81 on Thursday. The business’s 50-day simple moving average is C$20.70 and its 200 day simple moving average is C$19.39. The stock has a market cap of C$3.27 billion, a price-to-earnings ratio of 2.27, a P/E/G ratio of 0.14 and a beta of 0.68. 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.

Paramount Resources Dividend Announcement

The company also recently declared a sep 25 dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be given a dividend of $0.05 per share. This represents a dividend yield of 289.0%. The ex-dividend date of this dividend is Monday, September 15th. Paramount Resources’s dividend payout ratio (DPR) is currently 11.94%.

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.