Paramount Resources Ltd. (TSE:POU) Senior Officer Sells C$257,600.00 in Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Mark Gordon Franko sold 8,000 shares of Paramount Resources stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$32.20, for a total value of C$257,600.00.

Paramount Resources Stock Performance

Shares of POU opened at C$32.79 on Thursday. Paramount Resources Ltd. has a 52 week low of C$24.59 and a 52 week 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 stock has a market cap of C$4.73 billion, a P/E ratio of 10.34, a P/E/G ratio of 0.14 and a beta of 3.23. The business’s 50 day moving average price is C$28.98 and its 200-day moving average price is C$27.93.

Paramount Resources (TSE:POU) last released its earnings results 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 during the quarter, compared to analysts’ expectations of C$436.00 million. Paramount Resources had a return on equity of 13.67% and a net margin of 26.13%. Equities research analysts anticipate that Paramount Resources Ltd. will post 2.3708207 earnings per share for the current fiscal year.

Paramount Resources Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be issued a $0.15 dividend. The ex-dividend date is Tuesday, May 14th. This is a boost 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 payout ratio is 47.32%.

Analyst Ratings Changes

A number of analysts recently commented on POU shares. Raymond James dropped their price target on Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. BMO Capital Markets boosted their price target on shares of Paramount Resources from C$37.00 to C$38.50 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Scotiabank decreased their price target on shares of Paramount Resources from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Cormark cut Paramount Resources from a “buy” rating to a “market perform” rating and cut their price objective for the company from C$40.00 to C$37.50 in a research report on Thursday, March 7th. Finally, 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$35.80.

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.