Key Points
- Insider sale: Paramount Resources insider Joerg Wittenberg sold 3,900 shares on May 21 at C$33.28 each, totaling about C$129,792. After the sale, he still owned 54,321 shares.
- Dividend and earnings: The company recently reported quarterly EPS of C$0.36 on revenue of C$276.2 million and declared a monthly dividend of C$0.05 per share, payable May 29. The annualized yield is about 1.9%.
- Analyst sentiment: Analysts remain moderately bullish on POU, with five Buy ratings and two Hold ratings. The consensus price target is C$32.94, while several firms recently raised their targets.
Paramount Resources Ltd. (TSE:POU - Get Free Report) insider Joerg Wittenberg sold 3,900 shares of the business's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of C$33.28, for a total transaction of C$129,792.00. Following the completion of the transaction, the insider owned 54,321 shares in the company, valued at C$1,807,802.88. The trade was a 6.70% decrease in their ownership of the stock.
Paramount Resources Stock Performance
Paramount Resources stock opened at C$31.87 on Tuesday. The stock has a market cap of C$4.63 billion, a price-to-earnings ratio of 79.68, a price-to-earnings-growth ratio of 0.14 and a beta of -0.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.57 and a quick ratio of 0.68. The firm has a 50 day simple moving average of C$29.50 and a 200-day simple moving average of C$26.57. Paramount Resources Ltd. has a 1-year low of C$18.92 and a 1-year high of C$33.44.
Paramount Resources (TSE:POU - Get Free Report) last issued its quarterly earnings data 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 during the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%. On average, analysts expect that Paramount Resources Ltd. will post 1.4075758 EPS for the current year.
Paramount Resources Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be issued 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 is currently 150.00%.
Analyst Upgrades and Downgrades
POU has been the topic of several research analyst reports. Raymond James Financial boosted their price objective on shares of Paramount Resources from C$34.00 to C$36.00 and gave the company an "outperform" rating in a report on Wednesday, May 13th. Royal Bank Of Canada lifted their price target on shares of Paramount Resources from C$32.00 to C$35.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 13th. BMO Capital Markets boosted their price target on shares of Paramount Resources from C$24.00 to C$32.00 and gave the company an "outperform" rating in a research note on Wednesday, March 4th. Roth Mkm set a C$33.00 price objective on shares of Paramount Resources and gave the stock a "buy" rating in a report on Wednesday, March 4th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Paramount Resources from C$25.50 to C$30.50 in a report on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$32.94.
Read Our Latest Analysis 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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