Paramount Resources (TSE:POU) Price Target Raised to C$26.00 at CIBC

Paramount Resources (TSE:POU) had its price objective upped by CIBC from C$25.00 to C$26.00 in a research report report published on Wednesday,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on POU. Jefferies Financial Group raised their target price on shares of Paramount Resources from C$21.00 to C$25.00 in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on shares of 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. Finally, National Bankshares raised their target price on shares of Paramount Resources from C$25.00 to C$27.50 and gave the company a “sector perform” rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.79.

Paramount Resources Price Performance

TSE:POU opened at C$22.37 on Wednesday. Paramount Resources has a 1-year low of C$14.33 and a 1-year high of C$32.83. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06. The firm has a fifty day simple moving average of C$21.15 and a 200 day simple moving average of C$19.92. The stock has a market capitalization of C$3.21 billion, a PE ratio of 2.23, a P/E/G ratio of 0.14 and a beta of 0.49.

Paramount Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be given a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, October 15th. Paramount Resources’s payout ratio is 11.94%.

Paramount Resources Company Profile

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.