Paramount Resources (TSE:POU) Insider John Williams Sells 4,800 Shares

Paramount Resources Ltd. (TSE:POU) insider John Williams sold 4,800 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of C$30.10, for a total transaction of C$144,480.00. Following the completion of the sale, the insider directly owned 171,285 shares in the company, valued at approximately C$5,155,678.50. The trade was a 2.73% decrease in their ownership of the stock.

Paramount Resources Stock Performance

TSE:POU remained flat at C$28.31 during mid-day trading on Friday. 340,588 shares of the company’s stock traded hands, compared to its average volume of 315,110. The company has a current ratio of 3.77, a quick ratio of 0.68 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of C$4.09 billion, a P/E 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$24.82. Paramount Resources Ltd. has a 52-week low of C$14.50 and a 52-week high of C$30.67.

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

Paramount Resources Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on POU. Raymond James Financial increased 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, March 4th. Royal Bank Of Canada boosted their price target on Paramount Resources from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. Jefferies Financial Group reduced their price objective on Paramount Resources from C$29.00 to C$28.00 in a research report on Tuesday, January 20th. National Bank Financial increased their price objective on Paramount Resources from C$32.00 to C$32.50 and gave the company a “sector perform” rating in a research note on Wednesday, March 4th. Finally, ATB Cormark Capital Markets lifted their price objective on Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Paramount Resources currently has an average rating of “Moderate Buy” and an average 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”.