Paramount Resources (TSE:POU) Director Dirk Jungé Sells 8,850 Shares

Paramount Resources Ltd. (TSE:POU) Director Dirk Jungé sold 8,850 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$30.97, for a total value of C$274,084.50. Following the completion of the transaction, the director owned 57,915 shares of the company’s stock, valued at C$1,793,627.55. The trade was a 13.26% decrease in their position.

Paramount Resources Price Performance

Paramount Resources stock traded up C$0.58 during trading hours on Wednesday, hitting C$31.62. The stock had a trading volume of 98,513 shares, compared to its average volume of 296,338. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.57 and a quick ratio of 0.68. The stock has a market capitalization of C$4.60 billion, a price-to-earnings ratio of 79.05, a PEG ratio of 0.14 and a beta of -0.28. Paramount Resources Ltd. has a 1-year low of C$19.37 and a 1-year high of C$33.44. The stock’s fifty day moving average is C$29.62 and its two-hundred day moving average is C$26.83.

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 1.96% and a net margin of 5.90%. As a group, analysts predict that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 1.9%. Paramount Resources’s dividend payout ratio is 150.00%.

Analyst Ratings Changes

A number of research firms recently commented on POU. BMO Capital Markets increased their price objective on Paramount Resources from C$24.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. ATB Cormark Capital Markets increased their price objective on 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. National Bank Financial increased their price objective on Paramount Resources from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce increased their price objective on Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday, March 4th. Finally, Royal Bank Of Canada increased their price objective on Paramount Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Paramount Resources presently has an average rating of “Moderate Buy” and a consensus price target of C$32.94.

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”.