Recent Investment Analysts’ Ratings Updates for Paramount Resources (POU)

Several brokerages have updated their recommendations and price targets on shares of Paramount Resources (TSE: POU) in the last few weeks:

• 11/15/2024 – Paramount Resources was upgraded by analysts at Cormark from a “hold” rating to a “moderate buy” rating.
• 11/15/2024 – Paramount Resources had its price target raised by analysts at CIBC from C$38.00 to C$39.50.
• 11/15/2024 – Paramount Resources had its price target raised by analysts at Royal Bank of Canada from C$34.00 to C$37.00.
• 11/15/2024 – Paramount Resources had its price target raised by analysts at Scotiabank from C$43.00 to C$44.00.
• 10/17/2024 – Paramount Resources was upgraded by analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating.

Paramount Resources Trading Down 1.0 %

Shares of TSE:POU traded down C$0.33 on Monday, reaching C$31.16. The company had a trading volume of 88,519 shares, compared to its average volume of 304,424. The firm has a market capitalization of C$4.57 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.14 and a beta of 3.04. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 0.83. Paramount Resources Ltd. has a 52-week low of C$24.51 and a 52-week high of C$33.06. The business has a 50 day moving average of C$27.29.

Paramount Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be given a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.78%. Paramount Resources’s payout ratio is 76.27%.

Insider Buying and Selling

In other Paramount Resources news, Director Kimberley Elizabeth Lynch Proctor bought 3,000 shares of Paramount Resources stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average price of C$31.36 per share, with a total value of C$94,080.00. Also, Senior Officer David Blake Reid sold 68,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$30.90, for a total transaction of C$2,101,200.00. 45.36% of the stock is owned by company insiders.

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.