Insider Selling: Paramount Resources Ltd. (TSE:POU) Senior Officer Sells 8,000 Shares of Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Mark Gordon Franko sold 8,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of C$32.20, for a total transaction of C$257,600.00.

Paramount Resources Stock Performance

Shares of TSE POU traded up C$0.34 during midday trading on Monday, reaching C$32.39. 165,900 shares of the company traded hands, compared to its average volume of 264,354. Paramount Resources Ltd. has a 52 week low of C$24.59 and a 52 week high of C$33.80. The stock has a 50-day moving average price of C$28.80 and a 200 day moving average price of C$27.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.71 and a quick ratio of 0.68. The company has a market cap of C$4.68 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.14 and a beta of 3.23.

Paramount Resources (TSE:POU) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.20). Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. The company had revenue of C$470.50 million for the quarter, compared to the consensus estimate of C$436.00 million. Sell-side analysts anticipate that Paramount Resources Ltd. will post 2.3708207 earnings per share for the current fiscal year.

Paramount Resources Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.80 dividend on an annualized basis and a yield of 5.56%. This is a boost from Paramount Resources’s previous monthly dividend of $0.13. Paramount Resources’s dividend payout ratio (DPR) is currently 47.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. ATB Capital decreased their price target on shares of Paramount Resources from C$37.00 to C$36.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Stifel Nicolaus raised their price objective on Paramount Resources from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James reduced their price objective on Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. National Bankshares raised their price objective on Paramount Resources from C$37.50 to C$40.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Finally, Jefferies Financial Group reduced their price objective on Paramount Resources from C$33.00 to C$31.00 in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$35.80.

About Paramount Resources

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.