John Williams Sells 5,200 Shares of Paramount Resources (TSE:POU) Stock

Paramount Resources Ltd. (TSE:POU) insider John Williams sold 5,200 shares of the business’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of C$30.50, for a total transaction of C$158,600.00. Following the completion of the sale, the insider owned 171,285 shares in the company, valued at C$5,224,192.50. This represents a 2.95% decrease in their position.

Paramount Resources Stock Down 0.9%

POU opened at C$29.71 on Wednesday. The firm has a market cap of C$4.29 billion, a price-to-earnings ratio of 3.38, a PEG ratio of 0.14 and a beta of 0.14. 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 firm’s 50-day simple moving average is C$27.27 and its 200-day simple moving average is C$24.72. Paramount Resources Ltd. has a twelve month low of C$14.50 and a twelve month high of C$30.67.

Paramount Resources (TSE:POU) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.03) earnings per share (EPS) for the quarter. The firm had revenue of C$262.50 million for the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. Equities research analysts anticipate that Paramount Resources Ltd. will post 1.4075758 EPS for the current fiscal year.

Paramount Resources Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on POU. Jefferies Financial Group reduced their target price on Paramount Resources from C$29.00 to C$28.00 in a report on Tuesday, January 20th. Royal Bank Of Canada raised their price target on Paramount Resources from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a report on Wednesday, March 4th. BMO Capital Markets lifted their price objective on 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. Roth Mkm set a C$33.00 price objective on Paramount Resources and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, National Bank Financial increased their target price 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. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Paramount Resources currently has a consensus rating of “Moderate Buy” and an average price target 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”.