Paramount Resources (TSE:POU) Given New C$21.00 Price Target at Jefferies Financial Group

Paramount Resources (TSE:POU) had its price objective reduced by Jefferies Financial Group from C$35.00 to C$21.00 in a research report sent to investors on Monday,BayStreet.CA reports.

POU has been the subject of several other reports. Royal Bank of Canada reduced their target price on Paramount Resources from C$34.00 to C$19.00 in a research note on Tuesday, February 18th. National Bank Financial downgraded Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. BMO Capital Markets decreased their price objective on shares of Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. Cormark raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. Finally, CIBC cut their price target on shares of Paramount Resources from C$39.50 to C$24.50 in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Paramount Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.11.

Paramount Resources Trading Down 0.3 %

Paramount Resources stock opened at C$17.59 on Monday. The company has a market cap of C$2.62 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 0.14 and a beta of 3.04. The firm has a 50-day moving average of C$29.43 and a 200-day moving average of C$28.46. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68. Paramount Resources has a one year low of C$16.60 and a one year high of C$33.06.

Paramount Resources Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.41%. Paramount Resources’s dividend payout ratio (DPR) is 73.70%.

Insider Buying and Selling at Paramount Resources

In other Paramount Resources news, Senior Officer Michael S. Han sold 8,320 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total value of C$256,788.48. Company insiders own 45.36% of the company’s stock.

About Paramount Resources

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.