Paramount Resources (TSE:POU) Insider John Williams Sells 6,800 Shares

Paramount Resources Ltd. (TSE:POU) insider John Williams sold 6,800 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of C$30.45, for a total value of C$207,060.00. Following the transaction, the insider directly owned 171,285 shares in the company, valued at C$5,215,628.25. The trade was a 3.82% decrease in their ownership of the stock.

Paramount Resources Trading Down 0.9%

Shares of Paramount Resources stock opened at C$29.71 on Wednesday. The business has a fifty day simple moving average of C$27.27 and a two-hundred day simple moving average of C$24.72. Paramount Resources Ltd. has a 1 year low of C$14.50 and a 1 year high of C$30.67. The company has a market capitalization of C$4.29 billion, a price-to-earnings ratio of 3.38, a P/E/G ratio of 0.14 and a beta of 0.14. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.77 and a quick ratio of 0.68.

Paramount Resources (TSE:POU) last released its quarterly earnings data on Tuesday, March 3rd. The company reported C($0.03) EPS for the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%.The company had revenue of C$262.50 million for the quarter. Research analysts forecast that Paramount Resources Ltd. will post 1.4075758 EPS for the current year.

Paramount Resources Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 2.0%. Paramount Resources’s payout ratio is presently 6.83%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Scotiabank increased their price target on shares of Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. National Bank Financial boosted their price objective on Paramount Resources from C$32.00 to C$32.50 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. Roth Mkm set a C$33.00 target price on Paramount Resources and gave the company a “buy” rating in a research report on Wednesday, March 4th. ATB Cormark Capital Markets increased their target price on Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. Finally, Raymond James Financial lifted their price target on Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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”.