Key Points
- Director Dirk Jungé sold 8,850 shares of Paramount Resources on June 2 at an average price of C$30.97, totaling about C$274,084.50. After the sale, he still held 57,915 shares, a 13.26% reduction in his position.
- Paramount Resources reported quarterly EPS of C$0.36 on revenue of C$276.2 million, with net margin of 5.90% and return on equity of 1.96%. Analysts expect the company to earn about 1.4076 EPS for the full year.
- The stock has a mixed valuation and analyst outlook, trading at C$31.49 with a 12-month range of C$19.37 to C$33.44. Wall Street’s consensus rating is “Moderate Buy,” with an average target price of C$32.94.
Paramount Resources Ltd. (TSE:POU - Get Free Report) Director Dirk Jungé sold 8,850 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of C$30.97, for a total value of C$274,084.50. Following the completion of the transaction, the director owned 57,915 shares in the company, valued at approximately C$1,793,627.55. This represents a 13.26% decrease in their position.
Paramount Resources Price Performance
Shares of POU stock opened at C$31.49 on Thursday. The firm has a market cap of C$4.58 billion, a price-to-earnings ratio of 78.73, a PEG ratio of 0.14 and a beta of -0.28. Paramount Resources Ltd. has a 12 month low of C$19.37 and a 12 month high of C$33.44. The company has a quick ratio of 0.68, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average price of C$29.68 and a 200 day moving average price of C$26.94.
Paramount Resources (TSE:POU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.36 EPS for the quarter. The company had revenue of C$276.20 million during the quarter. Paramount Resources had a net margin of 5.90% and a return on equity of 1.96%. Research analysts expect that Paramount Resources Ltd. will post 1.4075758 EPS for the current year.
Paramount Resources Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 15th. Paramount Resources's payout ratio is currently 150.00%.
Wall Street Analysts Forecast Growth
POU has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price target on Paramount Resources from C$32.00 to C$35.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 13th. Roth Mkm set a C$33.00 price objective on Paramount Resources and gave the stock a "buy" rating in a research note on Wednesday, March 4th. National Bank Financial upped their price objective on Paramount Resources from C$36.00 to C$38.00 and gave the company a "sector perform" rating in a report on Wednesday, May 13th. 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. Finally, ATB Cormark Capital Markets raised their target price on Paramount Resources from C$28.00 to C$33.00 and gave the stock an "outperform" rating 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, Paramount Resources has a consensus rating of "Moderate Buy" and an average target price of C$32.94.
View Our Latest 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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