Key Points
- Insider sale: Director John Williams sold 6,800 shares at C$30.45 on March 31 for C$207,060, trimming his holding by 3.82% to 171,285 shares valued at about C$5.22 million.
- Stock and payout profile: POU opened at C$29.71 (12‑month range C$14.50–C$30.67) with a market cap of C$4.29B and a PE of 3.38; the company pays a monthly C$0.05 dividend (annualized yield ~2.0%, payout ratio 6.83%).
- Analyst sentiment: Five analysts rate the stock Buy and two Hold, with a consensus target of C$31.22 and several recent price-target upgrades into the C$30–33 range.
Paramount Resources Ltd. (TSE:POU - Get Free Report) insider John Williams sold 6,800 shares of the business's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$30.45, for a total transaction of C$207,060.00. Following the completion of the sale, the insider directly owned 171,285 shares of the company's stock, valued at C$5,215,628.25. This represents a 3.82% decrease in their position.
Paramount Resources Stock Performance
Shares of TSE:POU opened at C$29.71 on Wednesday. Paramount Resources Ltd. has a 12-month low of C$14.50 and a 12-month high of C$30.67. The company's 50 day moving average price is C$27.27 and its two-hundred day moving average price is C$24.72. The firm has a market cap of C$4.29 billion, a PE ratio of 3.38, a PEG ratio of 0.14 and a beta of 0.14. The company has a quick ratio of 0.68, a current ratio of 3.77 and a debt-to-equity ratio of 0.94.
Paramount Resources (TSE:POU - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$262.50 million during the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. Equities research analysts predict that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current year.
Paramount Resources Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a c) annualized dividend and a yield of 2.0%. Paramount Resources's payout ratio is currently 6.83%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Roth Mkm set a C$33.00 target price on Paramount Resources and gave the company a "buy" rating in a research report on Wednesday, March 4th. Raymond James Financial boosted their price target on Paramount Resources from C$29.00 to C$31.00 and gave the company an "outperform" rating in a research note on Wednesday, March 4th. Jefferies Financial Group cut their price objective on shares of Paramount Resources from C$29.00 to C$28.00 in a research report on Tuesday, January 20th. Royal Bank Of Canada increased their price objective on shares of Paramount Resources from C$26.00 to C$30.00 and gave the stock a "sector perform" rating in a research note on Wednesday, March 4th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Paramount Resources from C$25.50 to C$30.50 in a report on Wednesday, March 4th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$31.22.
Check Out Our Latest Stock Report on POU
Paramount Resources Company Profile
(
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".
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