Paramount Resources Ltd. (TSE:POU - Get Free Report) Senior Officer Bernard K. Lee sold 20,000 shares of Paramount Resources stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$30.50, for a total value of C$610,000.00.
Paramount Resources Stock Performance
Shares of POU stock opened at C$28.95 on Wednesday. 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 business has a 50 day moving average of C$27.79 and a two-hundred day moving average of C$27.90. 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 market cap of C$4.18 billion, a P/E ratio of 9.10, a PEG ratio of 0.14 and a beta of 3.31.
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 company 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, analysts anticipate that Paramount Resources Ltd. will post 2.5252525 EPS for the current year.
Paramount Resources Dividend Announcement
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The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, April 12th. This represents a $1.50 annualized dividend and a dividend yield of 5.18%. Paramount Resources's dividend payout ratio is presently 47.32%.
Analyst Ratings Changes
Several analysts have commented on POU shares. ATB Capital lowered their price target on Paramount Resources from C$37.00 to C$36.00 and set an "outperform" rating for the company in a report on Thursday, March 7th. Jefferies Financial Group reduced their price objective on Paramount Resources from C$33.00 to C$31.00 in a research note on Thursday, March 7th. National Bankshares reduced their price objective on Paramount Resources from C$40.00 to C$37.50 and set an "outperform" rating on the stock in a research note on Thursday, March 7th. Stifel Nicolaus reduced their price objective on Paramount Resources from C$33.50 to C$33.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th. Finally, Scotiabank reduced their price objective on Paramount Resources from C$30.00 to C$29.00 and set an "outperform" rating on the stock in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Paramount Resources has a consensus rating of "Moderate Buy" and an average target price of C$33.90.
Check Out Our Latest Research Report on Paramount Resources
About Paramount Resources
(
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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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