Key Points
- Insider John Williams sold 5,200 shares on March 27 at C$30.50 each for C$158,600, trimming his stake by 2.95% to 171,285 shares (≈C$5.22M).
- The company announced a monthly dividend of $0.05 payable March 31, representing a 2.0% yield and a dividend payout ratio of 6.83%.
- Paramount has a market cap of C$4.33B, a low P/E of 3.41, and a consensus Moderate Buy rating from analysts with an average price target of C$31.22.
Paramount Resources Ltd. (TSE:POU - Get Free Report) insider John Williams sold 5,200 shares of the business's stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of C$30.50, for a total transaction of C$158,600.00. Following the completion of the sale, the insider owned 171,285 shares of the company's stock, valued at approximately C$5,224,192.50. The trade was a 2.95% decrease in their ownership of the stock.
Paramount Resources Stock Performance
TSE:POU opened at C$29.97 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 3.77 and a debt-to-equity ratio of 0.94. The company has a market cap of C$4.33 billion, a P/E ratio of 3.41, a P/E/G ratio of 0.14 and a beta of 0.14. Paramount Resources Ltd. has a fifty-two week low of C$14.50 and a fifty-two week high of C$30.67. The firm's 50 day moving average is C$27.15 and its two-hundred day moving average is C$24.65.
Paramount Resources (TSE:POU - Get Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$262.50 million for the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. Analysts expect that Paramount Resources Ltd. will post 1.4075758 EPS for the current year.
Paramount Resources Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a $0.05 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 2.0%. Paramount Resources's dividend payout ratio (DPR) is presently 6.83%.
Analyst Ratings Changes
POU has been the subject of several research analyst reports. National Bank Financial upped their price target on Paramount Resources from C$32.00 to C$32.50 and gave the stock a "sector perform" rating in a research note on Wednesday, March 4th. BMO Capital Markets boosted their target price on Paramount Resources from C$24.00 to C$32.00 and gave the stock an "outperform" rating in a report on Wednesday, March 4th. Jefferies Financial Group decreased their target price on Paramount Resources from C$29.00 to C$28.00 in a report on Tuesday, January 20th. Royal Bank Of Canada increased their target price on shares of Paramount Resources from C$26.00 to C$30.00 and gave the stock a "sector perform" rating in a research report on Wednesday, March 4th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Paramount Resources from C$25.50 to C$30.50 in a research report on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$31.22.
Get Our Latest Stock Report on POU
Paramount Resources Company Profile
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Get Free Report)
Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company's principal properties are located in Alberta and British Columbia. Paramount's class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".
Further Reading
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