Paramount Resources Ltd. (TSE:POU) Senior Officer Rodrigo Sousa Acquires 5,600 Shares

Paramount Resources Ltd. (TSE:POU) Senior Officer Rodrigo Sousa purchased 5,600 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of C$15.78 per share, with a total value of C$88,365.76.

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

• On Friday, January 10th, Rodrigo Sousa acquired 248 shares of Paramount Resources stock. The stock was purchased at an average cost of C$31.88 per share, for a total transaction of C$7,906.24.

Paramount Resources Stock Performance

Shares of POU traded down C$0.02 during trading hours on Monday, hitting C$15.80. The stock had a trading volume of 389,613 shares, compared to its average volume of 997,045. The firm has a 50-day moving average price of C$26.87 and a 200 day moving average price of C$27.73. Paramount Resources Ltd. has a fifty-two week low of C$14.33 and a fifty-two week high of C$33.06. The firm has a market capitalization of C$2.35 billion, a price-to-earnings ratio of 6.47, a PEG ratio of 0.14 and a beta of 3.04. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62.

Paramount Resources Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.80%. Paramount Resources’s dividend payout ratio (DPR) is currently 73.70%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on POU shares. BMO Capital Markets decreased their target price on Paramount Resources from C$40.00 to C$25.00 in a report on Wednesday, February 19th. Jefferies Financial Group decreased their price objective on shares of Paramount Resources from C$35.00 to C$21.00 in a research note on Monday, February 24th. National Bank Financial lowered shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. CIBC decreased their target price on shares of Paramount Resources from C$39.50 to C$24.50 in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada cut their price target on Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$28.21.

Paramount Resources Company Profile

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.