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

Paramount Resources Ltd. (TSE:POU) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$32.94.

A number of brokerages have commented on POU. National Bank Financial boosted their target price on shares of Paramount Resources from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Roth Mkm set a C$33.00 price objective on shares of Paramount Resources and gave the stock a “buy” rating in a research report on Wednesday, March 4th. ATB Cormark Capital Markets boosted their price objective on shares of Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. BMO Capital Markets increased their target price on shares of Paramount Resources from C$24.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada raised their target price on shares of Paramount Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th.

Paramount Resources Trading Down 0.9%

Shares of TSE:POU opened at C$29.78 on Friday. Paramount Resources has a 12-month low of C$19.37 and a 12-month high of C$33.44. The business’s fifty day simple moving average is C$29.73 and its 200-day simple moving average is C$27.21. The company has a market capitalization of C$4.33 billion, a PE ratio of 74.45, a P/E/G ratio of 0.14 and a beta of -0.28. The company has a current ratio of 2.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89.

Paramount Resources (TSE:POU) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.36 earnings per share for the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%.The firm had revenue of C$276.20 million during the quarter. As a group, equities research analysts predict that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.05 per share. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 15th. Paramount Resources’s dividend payout ratio is currently 150.00%.

Insider Transactions at Paramount Resources

In other Paramount Resources news, Director Dirk Jungé sold 8,850 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$30.97, for a total value of C$274,084.50. Following the completion of the sale, the director directly owned 57,915 shares in the company, valued at approximately C$1,793,627.55. This trade represents a 13.26% decrease in their ownership of the stock. Also, insider Joerg Wittenberg sold 3,900 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of C$33.28, for a total value of C$129,792.00. Following the completion of the sale, the insider directly owned 54,321 shares of the company’s stock, valued at approximately C$1,807,802.88. This represents a 6.70% decrease in their position. Over the last three months, insiders have acquired 9,688 shares of company stock worth $295,917 and have sold 60,750 shares worth $1,879,317. Company insiders own 45.36% of the company’s stock.

About Paramount Resources

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”.