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

Paramount Resources Ltd. (TSE:POU) insider John Williams sold 5,200 shares of the 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 transaction, the insider owned 171,285 shares in the company, valued at C$5,224,192.50. This trade represents a 2.95% decrease in their ownership of the stock.

Paramount Resources Stock Down 1.3%

Shares of POU traded down C$0.40 during midday trading on Monday, hitting C$29.76. The company had a trading volume of 216,619 shares, compared to its average volume of 311,214. The stock has a market cap of C$4.30 billion, a price-to-earnings ratio of 3.39, a PEG ratio of 0.14 and a beta of 0.14. The company’s 50 day moving average price is C$27.04 and its 200 day moving average price is C$24.58. The company has a quick ratio of 0.68, a current ratio of 3.77 and a debt-to-equity ratio of 0.94. Paramount Resources Ltd. has a 52 week low of C$14.50 and a 52 week high of C$30.67.

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

Paramount Resources Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, March 16th. Paramount Resources’s dividend payout ratio (DPR) is currently 6.83%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on POU. Scotiabank boosted their price target on Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. BMO Capital Markets lifted 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 report on Wednesday, March 4th. Royal Bank Of Canada boosted their target price on shares of 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. 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. Finally, ATB Cormark Capital Markets raised their price target on shares of Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Paramount Resources currently 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”.