Paramount Resources Ltd. (TSE:POU - Get Free Report) Director Kimberley Elizabeth Lynch Proctor bought 3,000 shares of the company's stock in a transaction on Friday, November 22nd. The stock was purchased at an average cost of C$31.36 per share, for a total transaction of C$94,080.00.
Paramount Resources Trading Down 1.2 %
Shares of POU stock opened at C$31.12 on Tuesday. The firm has a market capitalization of C$4.57 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. Paramount Resources Ltd. has a 1 year low of C$24.51 and a 1 year high of C$33.06. The firm's fifty day simple moving average is C$27.41 and its 200 day simple moving average is C$29.19. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83.
Paramount Resources Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.80 annualized dividend and a dividend yield of 5.78%. Paramount Resources's payout ratio is 76.27%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on POU. CIBC lifted their target price on shares of Paramount Resources from C$38.00 to C$39.50 in a research note on Friday, November 15th. Scotiabank lifted their price objective on shares of Paramount Resources from C$43.00 to C$44.00 in a research note on Friday, November 15th. Cibc World Mkts raised shares of Paramount Resources from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their target price on Paramount Resources from C$34.00 to C$37.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group decreased their price target on Paramount Resources from C$36.00 to C$29.00 and set a "buy" rating for the company in a research note on Monday, September 16th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$37.60.
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Paramount Resources Company Profile
(
Get Free Report)
Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.
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