Key Points
- Insider John Williams sold 4,800 shares on March 19 at an average price of C$30.10 for C$144,480, reducing his stake by 2.73% to 171,285 shares valued at about C$5.16 million.
- Paramount (TSE:POU) trades near C$28.31 with a market cap of C$4.09B and a low PE of 3.22; analysts have a consensus Moderate Buy with a C$31.22 target after several firms raised price targets, and the company declared a monthly C$0.05 dividend (yield ≈2.1%, ex-div Apr 15).
Paramount Resources Ltd. (TSE:POU - Get Free Report) insider John Williams sold 1,200 shares of the firm's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of C$30.00, for a total transaction of C$36,000.00. Following the transaction, the insider owned 171,285 shares of the company's stock, valued at approximately C$5,138,550. This represents a 0.70% decrease in their position.
Paramount Resources Stock Performance
POU stock opened at C$28.31 on Friday. Paramount Resources Ltd. has a 1-year low of C$14.50 and a 1-year high of C$30.67. The firm has a market cap of C$4.09 billion, a P/E ratio of 3.22, a P/E/G ratio of 0.14 and a beta of 0.14. The business's 50 day moving average is C$27.49 and its 200-day moving average is C$24.85. The company has a current ratio of 3.77, a quick ratio of 0.68 and a debt-to-equity ratio of 0.94.
Paramount Resources (TSE:POU - Get Free Report) last issued its earnings results 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 during the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%. Equities analysts anticipate that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current fiscal year.
Paramount Resources Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.05 per share. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, April 15th. Paramount Resources's dividend payout ratio is currently 6.83%.
Analysts Set New Price Targets
Several brokerages have recently commented on POU. Royal Bank Of Canada boosted their target price on shares of Paramount Resources from C$26.00 to C$30.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 4th. National Bank Financial increased their target price on shares of Paramount Resources from C$32.00 to C$32.50 and gave the stock a "sector perform" rating in a research report on Wednesday, March 4th. Raymond James Financial lifted their price target on shares of Paramount Resources from C$29.00 to C$31.00 and gave the company an "outperform" rating in a report on Wednesday, March 4th. Scotiabank boosted their price target on shares of Paramount Resources from C$29.00 to C$31.00 and gave the company an "outperform" rating in a research report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Paramount Resources currently has an average rating of "Moderate Buy" and an average price target of C$31.22.
View Our Latest Stock Analysis on Paramount Resources
About Paramount Resources
(
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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