Insider Selling: Paramount Resources Ltd. (TSE:POU) Senior Officer Sells 5,000 Shares of Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer David Blake Reid sold 5,000 shares of the business’s stock in a transaction on Thursday, September 9th. The shares were sold at an average price of C$16.00, for a total transaction of C$80,000.00. Following the sale, the insider now owns 11,547 shares of the company’s stock, valued at approximately C$184,752.

David Blake Reid also recently made the following trade(s):

  • On Monday, August 23rd, David Blake Reid purchased 2,000 shares of Paramount Resources stock. The shares were acquired at an average price of C$12.70 per share, with a total value of C$25,400.00.
  • On Monday, August 16th, David Blake Reid acquired 2,000 shares of Paramount Resources stock. The shares were purchased at an average cost of C$13.98 per share, for a total transaction of C$27,960.00.

Shares of TSE:POU opened at C$16.36 on Wednesday. The company’s 50-day moving average is C$15.03 and its 200 day moving average is C$13.39. The company has a debt-to-equity ratio of 31.31, a quick ratio of 0.30 and a current ratio of 0.46. The company has a market capitalization of C$2.18 billion and a P/E ratio of 16.56. Paramount Resources Ltd. has a fifty-two week low of C$1.96 and a fifty-two week high of C$17.50.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be paid a $0.02 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, September 14th. Paramount Resources’s dividend payout ratio is currently 2.02%.

A number of equities analysts have issued reports on the stock. Scotiabank lifted their price objective on shares of Paramount Resources from C$15.00 to C$19.00 in a report on Thursday, July 15th. BMO Capital Markets lifted their price objective on shares of Paramount Resources from C$19.00 to C$20.00 and gave the stock a “na” rating in a report on Monday, July 19th. Raymond James reaffirmed an “outperform” rating and set a C$20.00 price objective on shares of Paramount Resources in a report on Thursday, August 5th. CIBC lifted their price objective on shares of Paramount Resources from C$17.00 to C$20.00 and gave the stock a “na” rating in a report on Wednesday, July 14th. Finally, National Bankshares lifted their price objective on shares of Paramount Resources from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Thursday, August 5th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Paramount Resources has an average rating of “Hold” and an average price target of C$17.28.

About Paramount Resources

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company's principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. It also invests in public and private corporations.

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Insider Buying and Selling by Quarter for Paramount Resources (TSE:POU)

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