Paramount Resources Ltd. (TSE:POU - Get Free Report) Director Dirk Jungé sold 4,027 shares of the firm's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$28.56, for a total value of C$115,028.03.
Paramount Resources Trading Up 0.8 %
TSE POU opened at C$28.50 on Friday. The stock has a market cap of C$4.12 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.14 and a beta of 3.31. Paramount Resources Ltd. has a twelve month low of C$24.59 and a twelve month high of C$33.80. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.71. The firm's 50 day moving average price is C$27.36 and its two-hundred day moving average price is C$28.12.
Paramount Resources (TSE:POU - Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported C$0.75 earnings per share for the quarter, missing analysts' consensus estimates of C$0.95 by C($0.20). The business had revenue of C$470.50 million during the quarter, compared to analyst estimates of C$436.00 million. Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. Equities analysts anticipate that Paramount Resources Ltd. will post 2.3138075 EPS for the current year.
Paramount Resources Dividend Announcement
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The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Friday, April 12th. Paramount Resources's dividend payout ratio is currently 47.32%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on POU. Raymond James lowered their price target on Paramount Resources from C$40.00 to C$36.00 and set an "outperform" rating on the stock in a research report on Friday, January 19th. ATB Capital dropped their target price on shares of Paramount Resources from C$37.00 to C$36.00 and set an "outperform" rating on the stock in a report on Thursday, March 7th. Jefferies Financial Group reduced their target price on shares of Paramount Resources from C$33.00 to C$31.00 in a report on Thursday, March 7th. Stifel Nicolaus dropped their price target on Paramount Resources from C$33.50 to C$33.00 and set a "buy" rating on the stock in a report on Thursday, March 7th. Finally, Royal Bank of Canada reduced their price objective on Paramount Resources from C$33.00 to C$32.00 and set a "sector perform" rating for the company in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Paramount Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of C$34.20.
Check Out Our Latest Report on Paramount Resources
About Paramount Resources
(
Get Free Report)
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.
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