Paramount Resources (TSE:POU) Given New C$28.00 Price Target at Jefferies Financial Group

Paramount Resources (TSE:POU) had its price target raised by Jefferies Financial Group from C$25.00 to C$28.00 in a research report report published on Tuesday,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada raised their target price on Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 23rd. National Bankshares raised their target price on Paramount Resources from C$25.00 to C$27.50 and gave the stock a “sector perform” rating in a report on Thursday, September 25th. Finally, CIBC raised their price target on Paramount Resources from C$25.00 to C$26.00 in a report on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Paramount Resources has a consensus rating of “Hold” and an average target price of C$26.21.

Paramount Resources Price Performance

Shares of Paramount Resources stock opened at C$21.97 on Tuesday. Paramount Resources has a one year low of C$14.33 and a one year high of C$32.83. The stock’s fifty day moving average is C$21.28 and its 200 day moving average is C$20.05. The stock has a market cap of C$3.15 billion, a P/E ratio of 2.19, a P/E/G ratio of 0.14 and a beta of 0.49. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62.

Paramount Resources Dividend Announcement

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