Paramount Resources (TSE:POU) Price Target Cut to C$28.00 by Analysts at Jefferies Financial Group

Paramount Resources (TSE:POU) had its price objective lowered by Jefferies Financial Group from C$29.00 to C$28.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

A number of other brokerages also recently weighed in on POU. CIBC increased their price target on Paramount Resources from C$25.00 to C$26.00 in a report on Wednesday, October 15th. National Bankshares upped their target price on Paramount Resources from C$25.00 to C$27.50 and gave the company a “sector perform” rating in a research report on Thursday, September 25th. Raymond James Financial raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada boosted their price target on Paramount Resources from C$23.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$27.21.

Paramount Resources Stock Down 0.8%

Shares of TSE POU opened at C$24.04 on Tuesday. The company has a market capitalization of C$3.45 billion, a P/E ratio of 2.56, a price-to-earnings-growth ratio of 0.14 and a beta of 0.29. Paramount Resources has a 52-week low of C$14.33 and a 52-week high of C$32.83. 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 company’s 50 day moving average price is C$24.09 and its 200-day moving average price is C$22.42.

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C($0.02) earnings per share for the quarter. Paramount Resources had a return on equity of 10.06% and a net margin of 18.92%.The firm had revenue of C$187.30 million for the quarter. Equities analysts forecast that Paramount Resources will post 1.4075758 earnings per share for the current year.

Paramount Resources Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 15th. Paramount Resources’s dividend payout ratio (DPR) is 9.58%.

Paramount Resources Company Profile

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”.