Paramount Resources (TSE:POU) Director James Geral Bell Sells 2,050 Shares

Paramount Resources Ltd. (TSE:POU) Director James Geral Bell sold 2,050 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of C$27.17, for a total transaction of C$55,698.50.

James Geral Bell also recently made the following trade(s):

• On Thursday, July 2nd, James Geral Bell bought 460 shares of Paramount Resources stock. The stock was bought at an average price of C$27.14 per share, with a total value of C$12,484.40.

Paramount Resources Trading Down 0.6%

TSE POU traded down C$0.17 on Thursday, reaching C$26.97. The stock had a trading volume of 140,459 shares, compared to its average volume of 289,077. The firm has a market capitalization of C$3.92 billion, a price-to-earnings ratio of 67.42, a P/E/G ratio of 0.14 and a beta of -0.28. The company has a quick ratio of 0.68, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. Paramount Resources Ltd. has a 12-month low of C$19.37 and a 12-month high of C$33.44. The stock has a fifty day moving average price of C$29.82 and a two-hundred day moving average price of C$27.51.

Paramount Resources (TSE:POU) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.36 EPS for the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%.The business had revenue of C$276.20 million during the quarter. As a group, sell-side analysts forecast that Paramount Resources Ltd. will post 1.4075758 EPS for the current fiscal year.

Paramount Resources Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, June 15th. Paramount Resources’s dividend payout ratio (DPR) is 150.00%.

Analysts Set New Price Targets

Several analysts have recently issued reports on POU shares. Scotiabank raised shares of Paramount Resources to a “hold” rating in a research report on Friday, June 26th. Canadian Imperial Bank of Commerce upped their target price on shares of Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday, March 4th. National Bank Financial upped their price objective on Paramount Resources from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Roth Mkm set a C$33.00 target price on Paramount Resources and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, ATB Cormark Capital Markets upped their price target on Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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”.