John Williams Sells 1,200 Shares of Paramount Resources (TSE:POU) Stock

Paramount Resources Ltd. (TSE:POU) insider John Williams sold 1,200 shares of Paramount Resources stock in a transaction on Friday, March 20th. The shares were sold at an average price of C$30.00, for a total transaction of C$36,000.00. Following the completion of the sale, the insider directly owned 171,285 shares in the company, valued at C$5,138,550. This represents a 0.70% decrease in their position.

Paramount Resources Stock Performance

TSE:POU remained flat at C$28.31 during trading hours on Friday. 340,588 shares of the company’s stock were exchanged, compared to its average volume of 315,110. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.68 and a current ratio of 3.77. The stock has a fifty day moving average of C$27.49 and a 200-day moving average of C$24.82. The firm has a market cap of C$4.09 billion, a price-to-earnings ratio of 3.22, a PEG ratio of 0.14 and a beta of 0.14. 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 posted its quarterly earnings data on Tuesday, March 3rd. The company reported C($0.03) earnings per share (EPS) for the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. The company had revenue of C$262.50 million for the quarter. As a group, research analysts anticipate that Paramount Resources Ltd. will post 1.4075758 EPS for the current year.

Paramount Resources Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Scotiabank boosted their price objective on Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce raised their target price on Paramount Resources from C$25.50 to C$30.50 in a research report on Wednesday, March 4th. Jefferies Financial Group lowered their price target on Paramount Resources from C$29.00 to C$28.00 in a research note on Tuesday, January 20th. 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 research report on Wednesday, March 4th. Finally, 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. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$31.22.

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”.