Paramount Resources Ltd. (TSE:POU - Get Free Report) Director James Geral Bell sold 6,666 shares of the company's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$29.03, for a total transaction of C$193,513.98.
Paramount Resources Stock Performance
TSE:POU opened at C$29.27 on Wednesday. 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 company has a fifty day moving average of C$27.49 and a two-hundred day moving average of C$27.98. The stock has a market capitalization of C$4.23 billion, a PE ratio of 9.23, a P/E/G ratio of 0.14 and a beta of 3.31. Paramount Resources Ltd. has a fifty-two week low of C$24.59 and a fifty-two week high of C$33.80.
Paramount Resources (TSE:POU - Get Free Report) last issued 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 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%. As a group, research analysts forecast that Paramount Resources Ltd. will post 2.3138075 earnings per share for the current fiscal year.
Paramount Resources Announces Dividend
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The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th will be given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Friday, April 12th. Paramount Resources's payout ratio is currently 47.32%.
Wall Street Analyst Weigh In
Several analysts have recently commented on POU shares. ATB Capital dropped their price objective 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. Stifel Nicolaus lowered their price target on shares of 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. Cormark downgraded shares of Paramount Resources from a "buy" rating to a "market perform" rating and lowered their price target for the stock from C$40.00 to C$37.50 in a report on Thursday, March 7th. Royal Bank of Canada lowered their price target on shares of Paramount Resources from C$33.00 to C$32.00 and set a "sector perform" rating on the stock in a report on Thursday, March 7th. Finally, Raymond James lowered their price target on shares of Paramount Resources from C$40.00 to C$36.00 and set an "outperform" rating on the stock in a report on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$33.90.
Check Out Our Latest Analysis on Paramount Resources
Paramount Resources Company Profile
(
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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