Paramount Resources (TSE:POU) Insider John Williams Sells 1,200 Shares of Stock

Paramount Resources Ltd. (TSE:POU) insider John Williams sold 1,200 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of C$30.00, for a total value of C$36,000.00. Following the sale, the insider directly owned 171,285 shares of the company’s stock, valued at C$5,138,550. This trade represents a 0.70% decrease in their ownership of the stock.

Paramount Resources Stock Performance

Shares of TSE POU opened at C$28.31 on Friday. The stock has a market cap of C$4.09 billion, a price-to-earnings ratio of 3.22, a PEG ratio of 0.14 and a beta of 0.14. The business has a 50 day simple moving average of C$27.49 and a 200 day simple moving average of C$24.85. Paramount Resources Ltd. has a 52 week low of C$14.50 and a 52 week high of C$30.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.68 and a current ratio of 3.77.

Paramount Resources (TSE:POU) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$262.50 million for the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. On average, research analysts predict that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 2.1%. Paramount Resources’s dividend payout ratio is 6.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. National Bank Financial upped their price objective on shares of Paramount Resources from C$32.00 to C$32.50 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. Canadian Imperial Bank of Commerce raised their target price on Paramount Resources from C$25.50 to C$30.50 in a report on Wednesday, March 4th. BMO Capital Markets boosted their price target on Paramount Resources from C$24.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. ATB Cormark Capital Markets increased their price objective on Paramount Resources from C$28.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. Finally, Roth Mkm set a C$33.00 price objective on Paramount Resources and gave the company a “buy” rating in a research note on Wednesday, March 4th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Paramount Resources currently has an average rating of “Moderate Buy” and a consensus target price of C$31.22.

Paramount Resources Company Profile

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”.