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 company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$32.20, for a total value of C$257,600.00.

Paramount Resources Stock Performance

Shares of TSE POU opened at C$32.46 on Tuesday. The company has a 50 day simple moving average of C$28.87 and a two-hundred day simple moving average of C$27.90. The stock has a market cap of C$4.69 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.14 and a beta of 3.23. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. Paramount Resources Ltd. has a 12 month low of C$24.59 and a 12 month high of C$33.80.

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

Paramount Resources Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Tuesday, May 14th. This is a boost from Paramount Resources’s previous monthly dividend of $0.13. Paramount Resources’s payout ratio is 47.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on POU shares. BMO Capital Markets upped their price objective on Paramount Resources from C$37.00 to C$38.50 and gave the stock an “outperform” rating in a research note on Friday. Raymond James decreased their price objective on Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Stifel Nicolaus upped 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. Royal Bank of Canada increased their price target on Paramount Resources from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, CIBC raised their price target on Paramount Resources from C$35.00 to C$37.00 and gave the stock a “neutral” rating in a report on Friday. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.