Paramount Resources (TSE:POU) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Paramount Resources Ltd. (TSE:POU) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$19.97 and traded as high as C$22.06. Paramount Resources shares last traded at C$21.88, with a volume of 113,963 shares.

Wall Street Analyst Weigh In

POU has been the topic of a number of research reports. Royal Bank Of Canada raised their target price on shares of Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 23rd. National Bankshares raised their target price on shares of Paramount Resources from C$25.00 to C$27.50 and gave the stock a “sector perform” rating in a research report on Thursday, September 25th. Jefferies Financial Group lifted their price objective on shares of Paramount Resources from C$21.00 to C$25.00 in a research report on Wednesday, July 23rd. Finally, CIBC lifted their price objective on shares of Paramount Resources from C$25.00 to C$26.00 in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$25.79.

Paramount Resources Trading Down 0.3%

The business’s 50-day moving average is C$21.22 and its two-hundred day moving average is C$19.97. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. The stock has a market capitalization of C$3.14 billion, a PE ratio of 2.18, a price-to-earnings-growth ratio of 0.14 and a beta of 0.49.

Paramount Resources Announces Dividend

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