Insider Selling: Paramount Resources Ltd. (TSE:POU) Senior Officer Sells 10,000 Shares of Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Rodrigo Sousa sold 10,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of C$32.70, for a total transaction of C$327,014.00.

Rodrigo Sousa also recently made the following trade(s):

• On Wednesday, March 13th, Rodrigo Sousa sold 922 shares of Paramount Resources stock. The stock was sold at an average price of C$26.89, for a total transaction of C$24,794.79.

Paramount Resources Trading Down 0.2 %

Shares of TSE:POU opened at C$32.71 on Friday. Paramount Resources Ltd. has a 52 week low of C$24.59 and a 52 week high of C$33.80. The company’s 50 day moving average is C$29.04 and its two-hundred day moving average is C$27.97. The company has a market cap of C$4.72 billion, a PE ratio of 10.32, a P/E/G 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 (TSE:POU) last issued its earnings results on Wednesday, March 6th. The company reported C$0.75 earnings per share for the quarter, missing the consensus estimate of C$0.95 by C($0.20). The business had revenue of C$470.50 million for the quarter, compared to analyst estimates of C$436.00 million. Paramount Resources had a return on equity of 13.67% and a net margin of 26.13%. Equities analysts predict that Paramount Resources Ltd. will post 2.3708207 earnings per share for the current fiscal year.

Paramount Resources Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 31st will be issued a $0.15 dividend. This is a boost from Paramount Resources’s previous monthly dividend of $0.13. The ex-dividend date is Tuesday, May 14th. This represents a $1.80 annualized dividend and a dividend yield of 5.50%. Paramount Resources’s dividend payout ratio is presently 47.32%.

Analyst Ratings Changes

A number of brokerages have issued reports on POU. National Bankshares boosted their target price on Paramount Resources from C$37.50 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. BMO Capital Markets increased their target price on Paramount Resources from C$37.00 to C$38.50 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Raymond James dropped their target price on Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Cormark cut shares of Paramount Resources from a “buy” rating to a “market perform” rating and reduced their price target for the stock from C$40.00 to C$37.50 in a research report on Thursday, March 7th. Finally, Scotiabank lowered their price objective on shares of Paramount Resources from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.