Paramount Resources (TSE:POU) Director Dirk Jungé Sells 8,850 Shares of Stock

Paramount Resources Ltd. (TSE:POU) Director Dirk Jungé sold 8,850 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$30.97, for a total value of C$274,084.50. Following the completion of the sale, the director owned 57,915 shares in the company, valued at approximately C$1,793,627.55. This represents a 13.26% decrease in their ownership of the stock.

Paramount Resources Trading Up 1.4%

Shares of POU opened at C$31.49 on Thursday. The company has a current ratio of 2.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The stock has a market cap of C$4.58 billion, a PE ratio of 78.73, a PEG ratio of 0.14 and a beta of -0.28. Paramount Resources Ltd. has a 1 year low of C$19.37 and a 1 year high of C$33.44. The stock has a 50 day simple moving average of C$29.68 and a 200-day simple moving average of C$26.94.

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

Paramount Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a $0.05 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.9%. Paramount Resources’s payout ratio is 150.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on POU. Roth Mkm set a C$33.00 target price on shares of Paramount Resources and gave the company a “buy” rating in a research note on Wednesday, March 4th. Raymond James Financial boosted their price objective on Paramount Resources from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets increased their target price on Paramount Resources from C$24.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. ATB Cormark Capital Markets raised their target price on Paramount Resources from C$28.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. Finally, Royal Bank Of Canada lifted their price target on Paramount Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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”.