John Williams Sells 1,200 Shares of Paramount Resources (TSE:POU) Stock

Paramount Resources Ltd. (TSE:POU) insider John Williams sold 1,200 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of C$30.00, for a total transaction of C$36,000.00. Following the transaction, the insider directly owned 171,285 shares of the company’s stock, valued at approximately C$5,138,550. This represents a 0.70% decrease in their ownership of the stock.

Paramount Resources Stock Performance

Shares of Paramount Resources stock opened at C$28.31 on Monday. The firm has a market cap of C$4.09 billion, a PE ratio of 3.22, a price-to-earnings-growth ratio of 0.14 and a beta of 0.14. The firm’s 50-day simple moving average is C$27.49 and its 200-day simple moving average is C$24.88. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.68 and a current ratio of 3.77. Paramount Resources Ltd. has a 1 year low of C$14.50 and a 1 year high of C$30.67.

Paramount Resources (TSE:POU) last posted its quarterly earnings results 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. Equities analysts forecast that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th will be issued a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Paramount Resources’s payout ratio is currently 6.83%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on POU. National Bank Financial increased their target price on shares of 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. Raymond James Financial lifted 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, March 4th. BMO Capital Markets increased their price objective on shares of Paramount Resources from C$24.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. ATB Cormark Capital Markets raised their target price on shares of Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Finally, Royal Bank Of Canada lifted their target price on Paramount Resources from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 4th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average 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”.