Paramount Resources (TSE:POU) Insider Sells C$158,600.00 in Stock

Paramount Resources Ltd. (TSE:POU) insider John Williams sold 5,200 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of C$30.50, for a total transaction of C$158,600.00. Following the completion of the transaction, the insider directly owned 171,285 shares of the company’s stock, valued at approximately C$5,224,192.50. The trade was a 2.95% decrease in their position.

Paramount Resources Stock Performance

Shares of Paramount Resources stock opened at C$27.45 on Thursday. The company’s 50 day moving average price is C$27.33 and its two-hundred day moving average price is C$24.74. The firm has a market capitalization of C$3.96 billion, a P/E ratio of 3.13, a P/E/G ratio of 0.14 and a beta of 0.14. Paramount Resources Ltd. has a fifty-two week low of C$14.50 and a fifty-two week high of C$30.67. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.77 and a quick ratio of 0.68.

Paramount Resources (TSE:POU) last announced 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 company had revenue of C$262.50 million for the quarter. On average, equities analysts forecast that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current fiscal 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 issued a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, April 15th. Paramount Resources’s dividend payout ratio is presently 6.83%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada lifted their price target on Paramount Resources from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 4th. ATB Cormark Capital Markets upped their price objective 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. BMO Capital Markets raised their price objective on shares of Paramount Resources from C$24.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. Roth Mkm set a C$33.00 target price on shares of Paramount Resources and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, National Bank Financial boosted their target price on shares of Paramount Resources from C$32.00 to C$32.50 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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”.