Insider Selling: Paramount Resources Ltd. (TSE:POU) Senior Officer Sells 43,535 Shares of Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Rodrigo Sousa sold 43,535 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of C$21.85, for a total transaction of C$951,239.75.

Paramount Resources Trading Up 2.0%

TSE:POU traded up C$0.44 during trading hours on Monday, hitting C$22.43. The stock had a trading volume of 688,487 shares, compared to its average volume of 785,939. Paramount Resources Ltd. has a one year low of C$14.33 and a one year high of C$32.83. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. The company has a market cap of C$3.34 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 0.14 and a beta of 3.04. The business’s 50 day moving average is C$17.81 and its 200-day moving average is C$22.81.

Paramount Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 2.67%. The ex-dividend date is Monday, June 16th. Paramount Resources’s dividend payout ratio (DPR) is currently 73.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. CIBC cut their target price on Paramount Resources from C$24.50 to C$22.00 in a research note on Thursday, April 10th. BMO Capital Markets dropped their price target on Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. Royal Bank of Canada lifted their target price on Paramount Resources from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Thursday, May 22nd. Raymond James set a C$20.00 price target on shares of Paramount Resources and gave the company a “market perform” rating in a report on Tuesday, April 8th. Finally, Jefferies Financial Group lowered their target price on Paramount Resources from C$35.00 to C$21.00 in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$23.33.

About Paramount Resources

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.