Paramount Resources Ltd. (TSE:POU - Get Free Report) Senior Officer John B. Williams sold 8,000 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$29.60, for a total value of C$236,800.00.
Paramount Resources Trading Up 1.0 %
Shares of TSE POU opened at C$29.56 on Thursday. Paramount Resources Ltd. has a 12-month low of C$24.59 and a 12-month high of C$33.80. The company has a market cap of C$4.27 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.14 and a beta of 3.31. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The stock's 50 day simple moving average is C$27.55 and its 200 day simple moving average is C$27.99.
Paramount Resources (TSE:POU - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.95 by C($0.20). Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. The firm had revenue of C$470.50 million for the quarter, compared to analyst estimates of C$436.00 million. Equities research analysts expect that Paramount Resources Ltd. will post 2.3138075 EPS for the current year.
Paramount Resources Dividend Announcement
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The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, April 12th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.07%. Paramount Resources's dividend payout ratio (DPR) is presently 47.32%.
Wall Street Analyst Weigh In
POU has been the topic of several recent analyst reports. National Bankshares cut their price target on shares of Paramount Resources from C$40.00 to C$37.50 and set an "outperform" rating on the stock in a report on Thursday, March 7th. Cormark lowered shares of Paramount Resources from a "buy" rating to a "market perform" rating and cut their target price for the company from C$40.00 to C$37.50 in a research note on Thursday, March 7th. ATB Capital reduced their price target on shares of Paramount Resources from C$37.00 to C$36.00 and set an "outperform" rating on the stock in a research report on Thursday, March 7th. Royal Bank of Canada lowered 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 report on Thursday, March 7th. Finally, Scotiabank reduced their target price on Paramount Resources from C$30.00 to C$29.00 and set an "outperform" rating on the stock in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$33.90.
Read Our Latest Stock Analysis on POU
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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