Rodrigo Sousa Buys 6,946 Shares of Paramount Resources (TSE:POU) Stock

Paramount Resources Ltd. (TSE:POU) insider Rodrigo Sousa acquired 6,946 shares of Paramount Resources stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of C$30.50 per share, with a total value of C$211,853.00. Following the purchase, the insider directly owned 25,100 shares of the company’s stock, valued at approximately C$765,550. This trade represents a 38.26% increase in their position.

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

• On Wednesday, May 13th, Rodrigo Sousa acquired 1,058 shares of Paramount Resources stock. The stock was purchased at an average cost of C$30.75 per share, with a total value of C$32,533.50.
• On Wednesday, May 13th, Rodrigo Sousa acquired 1,684 shares of Paramount Resources stock. The stock was purchased at an average cost of C$30.60 per share, with a total value of C$51,530.40.

Paramount Resources Stock Down 1.1%

Shares of POU stock traded down C$0.35 during trading hours on Wednesday, reaching C$30.54. The company had a trading volume of 193,804 shares, compared to its average volume of 299,789. Paramount Resources Ltd. has a 12 month low of C$18.10 and a 12 month high of C$31.42. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.77 and a quick ratio of 0.68. The business has a fifty day simple moving average of C$28.97 and a 200-day simple moving average of C$25.97. The company has a market cap of C$4.43 billion, a price-to-earnings ratio of 3.48, a price-to-earnings-growth ratio of 0.14 and a beta of -0.03.

Paramount Resources (TSE:POU) last posted its earnings results on Tuesday, May 12th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$276.20 million for the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%. On average, research analysts expect that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 29th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 2.0%. Paramount Resources’s payout ratio is 6.83%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on POU shares. ATB Cormark Capital Markets increased 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. BMO Capital Markets lifted their price target on Paramount Resources from C$24.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Canadian Imperial Bank of Commerce lifted their price target on Paramount Resources from C$25.50 to C$30.50 in a report on Wednesday, March 4th. Jefferies Financial Group dropped their price target on Paramount Resources from C$29.00 to C$28.00 in a report on Tuesday, January 20th. Finally, Royal Bank Of Canada lifted their price target on Paramount Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.94.

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”.