Key Points
- Insider sale: Paramount Resources insider David Blake Reid sold 25,000 shares on May 13 at an average price of C$30.90, totaling C$772,500. After the transaction, he still held 172,313 shares, a 12.67% reduction in his position.
- Stock and financial snapshot: The stock opened at C$32.06 and was up 2.3%, near its 52-week high of C$32.06. Paramount reported quarterly EPS of C$0.36 on revenue of C$276.2 million, with analysts expecting full-year EPS of about 1.41.
- Dividend and analyst outlook: The company announced a monthly dividend of C$0.05 per share, payable May 29, implying a 1.9% yield. Analysts remain mostly positive, with an average rating of Moderate Buy and a consensus target price of C$32.94.
Paramount Resources Ltd. (TSE:POU - Get Free Report) insider Tyson Riddell sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of C$31.36, for a total value of C$156,800.00. Following the transaction, the insider owned 14,458 shares in the company, valued at approximately C$453,402.88. This trade represents a 25.70% decrease in their position.
Paramount Resources Price Performance
Shares of TSE POU opened at C$32.06 on Friday. The firm has a market cap of C$4.66 billion, a P/E ratio of 80.15, a price-to-earnings-growth ratio of 0.14 and a beta of -0.03. The company has a current ratio of 2.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. Paramount Resources Ltd. has a 1-year low of C$18.61 and a 1-year high of C$32.06. The business's 50 day moving average is C$29.12 and its 200-day moving average is C$26.13.
Paramount Resources (TSE:POU - Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$276.20 million for the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%. Equities research analysts predict that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current year.
Paramount Resources Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. Paramount Resources's dividend payout ratio (DPR) is 150.00%.
Wall Street Analyst Weigh In
POU has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce increased their target price on Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday, March 4th. National Bank Financial raised their price objective on Paramount Resources from C$36.00 to C$38.00 and gave the stock a "sector perform" rating in a research note on Wednesday. ATB Cormark Capital Markets raised their price objective on Paramount Resources from C$28.00 to C$33.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 4th. Raymond James Financial raised their price objective on Paramount Resources from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Royal Bank Of Canada raised their price objective on Paramount Resources from C$32.00 to C$35.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$32.94.
Check Out Our Latest Stock Analysis on Paramount Resources
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".
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
