Paramount Resources Ltd. (TSE:POU - Get Free Report) Senior Officer Rodrigo Sousa sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of C$32.70, for a total value of C$327,014.00.
Rodrigo Sousa also recently made the following trade(s):
- On Wednesday, March 13th, Rodrigo Sousa sold 922 shares of Paramount Resources stock. The stock was sold at an average price of C$26.89, for a total transaction of C$24,794.79.
Paramount Resources Stock Up 0.5 %
Shares of POU stock opened at C$32.79 on Thursday. 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 stock's 50 day simple moving average is C$28.98 and its 200 day simple moving average is C$27.93. The company has a market capitalization of C$4.73 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.14 and a beta of 3.23.
Paramount Resources (TSE:POU - Get Free Report) last posted 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 return on equity of 13.67% and a net margin of 26.13%. The company had revenue of C$470.50 million during the quarter, compared to analyst estimates of C$436.00 million. As a group, research analysts predict that Paramount Resources Ltd. will post 2.3708207 EPS for the current year.
Paramount Resources Increases Dividend
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The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 31st will be given a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.49%. This is an increase from Paramount Resources's previous monthly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, May 14th. Paramount Resources's dividend payout ratio (DPR) is currently 47.32%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on POU shares. Raymond James lowered 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 report on Friday, January 19th. Cormark downgraded 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. Jefferies Financial Group cut their price objective on Paramount Resources from C$33.00 to C$31.00 in a research report on Thursday, March 7th. Scotiabank decreased their target price on Paramount Resources from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research report on Thursday, March 7th. Finally, National Bankshares upped their price target on Paramount Resources from C$37.50 to C$40.00 and gave the stock an "outperform" rating in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$35.80.
Get Our Latest Stock Report 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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