Insider Selling: Paramount Resources (TSE:POU) Insider 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 value of C$158,600.00. Following the completion of the sale, the insider owned 171,285 shares of the company’s stock, valued at approximately C$5,224,192.50. This represents a 2.95% decrease in their ownership of the stock.

Paramount Resources Stock Down 1.3%

TSE:POU traded down C$0.40 during mid-day 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 business has a fifty day simple moving average of C$27.04 and a 200-day simple moving average of C$24.58. The firm has a market capitalization 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. Paramount Resources Ltd. has a 1 year low of C$14.50 and a 1 year high of C$30.67. The company has a current ratio of 3.77, a quick ratio of 0.68 and a debt-to-equity ratio of 0.94.

Paramount Resources (TSE:POU) last issued its earnings results on Tuesday, March 3rd. The company reported C($0.03) earnings per share for the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%.The company 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 business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, March 16th. Paramount Resources’s dividend payout ratio is currently 6.83%.

Wall Street Analysts Forecast Growth

POU has been the topic of a number of analyst reports. National Bank Financial lifted their price objective on shares of Paramount Resources from C$32.00 to C$32.50 and gave the company a “sector perform” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada raised their price target on shares of Paramount Resources from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a report on Wednesday, March 4th. BMO Capital Markets lifted their price target 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. Roth Mkm set a C$33.00 price objective on shares of Paramount Resources and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Canadian Imperial Bank of Commerce raised their target price on Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Paramount Resources currently has an average rating of “Moderate Buy” and an average 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”.