Paramount Resources (TSE:POU) Insider John Williams Sells 4,800 Shares of Stock

Paramount Resources Ltd. (TSE:POU) insider John Williams sold 4,800 shares of Paramount Resources stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of C$30.10, for a total transaction of C$144,480.00. Following the completion of the sale, the insider directly owned 171,285 shares of the company’s stock, valued at approximately C$5,155,678.50. This trade represents a 2.73% decrease in their position.

Paramount Resources Price Performance

Shares of POU opened at C$28.31 on Friday. The firm has a fifty day simple moving average of C$27.49 and a two-hundred day simple moving average of C$24.85. The firm has a market cap of C$4.09 billion, a PE ratio of 3.22, a P/E/G ratio of 0.14 and a beta of 0.14. 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 Ltd. has a 1-year low of C$14.50 and a 1-year high of C$30.67.

Paramount Resources (TSE:POU) last released its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.03) earnings per share (EPS) for the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%.The firm had revenue of C$262.50 million during the quarter. On average, equities analysts anticipate 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 Thursday, April 30th. Shareholders of record on Thursday, April 30th will be given a $0.05 dividend. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Paramount Resources’s dividend payout ratio (DPR) is presently 6.83%.

Analysts Set New Price Targets

POU has been the subject of several research reports. Scotiabank upped their price target on shares of Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on shares of Paramount Resources from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. Canadian Imperial Bank of Commerce boosted their target price on shares of Paramount Resources from C$25.50 to C$30.50 in a research report on Wednesday, March 4th. Jefferies Financial Group reduced their target price on shares of Paramount Resources from C$29.00 to C$28.00 in a report on Tuesday, January 20th. Finally, National Bank Financial increased their price target on shares of Paramount Resources from C$32.00 to C$32.50 and gave the stock a “sector perform” 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.com, Paramount Resources has an average rating of “Moderate Buy” and a consensus price target 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”.