Paramount Resources Ltd. (TSE:POU) Senior Officer Sells C$327,014.00 in Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Rodrigo Sousa sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of C$32.70, for a total transaction of C$327,014.00.

Rodrigo Sousa also recently made the following trade(s):

• On Wednesday, March 13th, Rodrigo Sousa sold 922 shares of Paramount Resources stock. The stock was sold at an average price of C$26.89, for a total value of C$24,794.79.

Paramount Resources Stock Up 0.5 %

Shares of POU traded up C$0.16 during trading on Wednesday, reaching C$32.79. The company’s stock had a trading volume of 211,023 shares, compared to its average volume of 264,260. Paramount Resources Ltd. has a twelve month low of C$24.59 and a twelve month high of C$33.80. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 0.83. The company has a market cap of C$4.73 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 0.14 and a beta of 3.23. The company has a fifty day moving average of C$28.92 and a two-hundred day moving average of C$27.90.

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$0.75 EPS for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.20). The company had revenue of C$470.50 million for the quarter, compared to the consensus estimate of C$436.00 million. Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. On average, sell-side analysts predict that Paramount Resources Ltd. will post 2.3708207 EPS for the current fiscal year.

Paramount Resources Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be given a $0.15 dividend. The ex-dividend date is Tuesday, May 14th. This is a positive change from Paramount Resources’s previous monthly dividend of $0.13. This represents a $1.80 annualized dividend and a yield of 5.49%. Paramount Resources’s dividend payout ratio (DPR) is currently 47.32%.

Analysts Set New Price Targets

POU has been the subject of several recent analyst reports. Raymond James lowered their price target on Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating for the company in a report on Friday, January 19th. BMO Capital Markets upped their price objective on Paramount Resources from C$37.00 to C$38.50 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Jefferies Financial Group reduced their target price on Paramount Resources from C$33.00 to C$31.00 in a report on Thursday, March 7th. Royal Bank of Canada boosted their target price on Paramount Resources from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Finally, CIBC raised their price target on shares of Paramount Resources from C$35.00 to C$37.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$35.80.

About Paramount Resources

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.