Paramount Resources (TSE:POU) Insider David Blake Reid Sells 25,000 Shares of Stock

Paramount Resources Ltd. (TSE:POU) insider David Blake Reid sold 25,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$30.90, for a total value of C$772,500.00. Following the completion of the transaction, the insider owned 172,313 shares of the company’s stock, valued at C$5,324,471.70. This represents a 12.67% decrease in their ownership of the stock.

Paramount Resources Price Performance

Paramount Resources stock opened at C$32.06 on Friday. The company has a current ratio of 2.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The company has a market capitalization of C$4.66 billion, a PE ratio of 80.15, a P/E/G ratio of 0.14 and a beta of -0.03. Paramount Resources Ltd. has a 12 month low of C$18.61 and a 12 month high of C$32.06. The stock has a 50-day moving average price of C$29.12 and a two-hundred day moving average price of C$26.13.

Paramount Resources (TSE:POU) last posted its earnings results on Tuesday, May 12th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$276.20 million during the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%. Analysts expect that Paramount Resources Ltd. will post 1.4075758 EPS for the current year.

Paramount Resources Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 29th will be issued a $0.05 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 1.9%. Paramount Resources’s dividend payout ratio is presently 150.00%.

Analysts Set New Price Targets

Several brokerages recently commented on POU. National Bank Financial upped their target price on Paramount Resources from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a report on Wednesday. Royal Bank Of Canada upped their target price on Paramount Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Wednesday. Canadian Imperial Bank of Commerce upped their target price on Paramount Resources from C$25.50 to C$30.50 in a report on Wednesday, March 4th. BMO Capital Markets upped their target price on Paramount Resources from C$24.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. Finally, Scotiabank upped their target price on Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Paramount Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of C$32.94.

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”.