John Williams Sells 4,800 Shares of Paramount Resources (TSE:POU) Stock

Paramount Resources Ltd. (TSE:POU) insider John Williams sold 4,800 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of C$30.10, for a total transaction of C$144,480.00. Following the sale, the insider directly owned 171,285 shares of the company’s stock, valued at C$5,155,678.50. This represents a 2.73% decrease in their ownership of the stock.

Paramount Resources Stock Performance

Shares of POU opened at C$28.31 on Monday. The company has a 50-day moving average of C$27.49 and a two-hundred day moving average of C$24.88. The stock 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. 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 Ltd. has a one year low of C$14.50 and a one year 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) EPS for the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%.The firm had revenue of C$262.50 million during the quarter. On average, equities research analysts expect that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current year.

Paramount Resources Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have commented on POU shares. Jefferies Financial Group decreased their price objective on Paramount Resources from C$29.00 to C$28.00 in a research report on Tuesday, January 20th. Raymond James Financial increased their price target on shares of Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Scotiabank raised their price target on shares of Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. BMO Capital Markets boosted their price objective on shares of Paramount Resources from C$24.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. Finally, ATB Cormark Capital Markets upped their price objective on shares of Paramount Resources from C$28.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$31.22.

Paramount Resources Company Profile

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”.