Paramount Resources Ltd. (TSE:POU) Given Average Rating of “Moderate Buy” by Analysts

Shares of Paramount Resources Ltd. (TSE:POU) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$31.22.

A number of equities analysts have issued reports on the company. Raymond James Financial increased their price target on Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. BMO Capital Markets increased their price target on Paramount Resources from C$24.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. Canadian Imperial Bank of Commerce increased their price target on Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday, March 4th. National Bank Financial increased their price target on Paramount Resources from C$32.00 to C$32.50 and gave the company a “sector perform” rating in a research note on Wednesday, March 4th. Finally, Roth Mkm set a C$33.00 price target on Paramount Resources and gave the company a “buy” rating in a research note on Wednesday, March 4th.

Insider Transactions at Paramount Resources

In other news, insider John B. Williams sold 6,800 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of C$30.45, for a total transaction of C$207,060.00. Following the completion of the sale, the insider owned 171,285 shares in the company, valued at approximately C$5,215,628.25. This represents a 3.82% decrease in their position. Over the last three months, insiders sold 18,000 shares of company stock worth $546,140. Company insiders own 45.36% of the company’s stock.

Paramount Resources Stock Performance

Shares of TSE POU opened at C$27.72 on Thursday. The stock has a fifty day moving average price of C$28.04 and a two-hundred day moving average price of C$25.34. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.68 and a current ratio of 3.77. The firm has a market cap of C$4.02 billion, a P/E ratio of 3.16, a PEG ratio of 0.14 and a beta of -0.05. Paramount Resources has a 1 year low of C$15.37 and a 1 year high of C$30.67.

Paramount Resources (TSE:POU) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.03) earnings per share (EPS) for the quarter. The firm had revenue of C$262.50 million for the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. Research analysts forecast that Paramount Resources will post 1.4075758 EPS for the current fiscal year.

Paramount Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, April 15th. Paramount Resources’s dividend payout ratio (DPR) is presently 6.83%.

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”.