Paramount Resources Ltd. (TSE:POU – Get Free Report) insider Tyson Riddell sold 5,000 shares of Paramount Resources stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$31.36, for a total transaction of C$156,800.00. Following the completion of the transaction, the insider owned 14,458 shares of the company’s stock, valued at C$453,402.88. The trade was a 25.70% decrease in their position.
Paramount Resources Price Performance
POU opened at C$32.06 on Friday. The company has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 80.15, a PEG ratio of 0.14 and a beta of -0.03. The company has a quick ratio of 0.68, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average price of C$29.12 and a 200-day moving average price of C$26.13. Paramount Resources Ltd. has a twelve month low of C$18.61 and a twelve month high of C$32.06.
Paramount Resources (TSE:POU – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported C$0.36 earnings per share for the quarter. The firm had revenue of C$276.20 million during the quarter. Paramount Resources had a net margin of 5.90% and a return on equity of 1.96%. Equities analysts expect that Paramount Resources Ltd. will post 1.4075758 EPS for the current year.
Paramount Resources Dividend Announcement
Wall Street Analyst Weigh In
POU has been the subject of several recent research reports. Jefferies Financial Group reduced their target price on shares of Paramount Resources from C$29.00 to C$28.00 in a research note on Tuesday, January 20th. Royal Bank Of Canada lifted their target price on shares of Paramount Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Wednesday. National Bank Financial lifted their target price on shares of Paramount Resources from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Raymond James Financial raised their price objective on shares of Paramount Resources from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Scotiabank raised their price objective on shares of Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Paramount Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of C$32.94.
Check Out Our Latest Analysis on POU
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”.
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