Jefferies Financial Group Cuts Paramount Resources (TSE:POU) Price Target to C$28.00

Paramount Resources (TSE:POU) had its target price cut by Jefferies Financial Group from C$29.00 to C$28.00 in a report released on Tuesday,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on POU. National Bankshares raised their price target on Paramount Resources from C$25.00 to C$27.50 and gave the stock a “sector perform” rating in a research note on Thursday, September 25th. Royal Bank Of Canada increased their price objective 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. Raymond James Financial raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Thursday, January 15th. Finally, CIBC lifted their target price on shares of Paramount Resources from C$25.00 to C$26.00 in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$27.21.

Paramount Resources Trading Down 0.4%

Shares of TSE:POU opened at C$23.98 on Tuesday. The firm has a fifty day moving average of C$24.11 and a two-hundred day moving average of C$22.45. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06. Paramount Resources has a 12-month low of C$14.33 and a 12-month high of C$32.83. The firm has a market capitalization of C$3.44 billion, a P/E ratio of 2.55, a price-to-earnings-growth ratio of 0.14 and a beta of 0.29.

Paramount Resources (TSE:POU) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$187.30 million during the quarter. Paramount Resources had a return on equity of 10.06% and a net margin of 18.92%. On average, equities analysts expect that Paramount Resources will post 1.4075758 EPS for the current fiscal year.

Paramount Resources Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 2.5%. Paramount Resources’s dividend payout ratio is presently 9.58%.

About Paramount Resources

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company’s principal properties are located in Alberta and British Columbia. Paramount’s class A common shares are listed on the Toronto Stock Exchange under the symbol “POU”.