John Williams Sells 1,200 Shares of Paramount Resources (TSE:POU) Stock

Key Points

• Insider sale: John Williams sold 1,200 shares on March 20 at an average of C$30.00 (C$36,000), reducing his stake by 0.70% to 171,285 shares valued at C$5,138,550.
• Monthly dividend: Paramount declared a C$0.05 per‑share monthly dividend payable April 30 (ex‑dividend April 15), implying about a 2.1% yield and a 6.83% payout ratio.
• Analyst consensus & valuation: The stock has a "Moderate Buy" consensus with a C$31.22 target; it traded at C$28.31 midday, with a market cap of C$4.09B and a P/E of 3.22.

Paramount Resources Ltd. (TSE:POU - Get Free Report) insider John Williams sold 1,200 shares of the company's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of C$30.00, for a total value of C$36,000.00. Following the completion of the sale, the insider owned 171,285 shares in the company, valued at C$5,138,550. The trade was a 0.70% decrease in their position.

Paramount Resources Stock Performance

Paramount Resources stock remained flat at C$28.31 during midday trading on Friday. The company had a trading volume of 340,588 shares, compared to its average volume of 315,110. The stock's fifty day simple moving average is C$27.49 and its two-hundred day simple moving average is C$24.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.77 and a quick ratio of 0.68. The company has a market cap of C$4.09 billion, a price-to-earnings ratio of 3.22, a PEG ratio of 0.14 and a beta of 0.14. Paramount Resources Ltd. has a 12-month low of C$14.50 and a 12-month high of C$30.67.

Paramount Resources (TSE:POU - Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.03) earnings per share (EPS) for the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. The company had revenue of C$262.50 million during the quarter. As a group, equities analysts expect 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 Thursday, April 30th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.05 per share. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Paramount Resources's payout ratio is 6.83%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on POU shares. Royal Bank Of Canada increased their price target on shares of Paramount Resources from C$26.00 to C$30.00 and gave the stock a "sector perform" rating in a report on Wednesday, March 4th. Scotiabank lifted their price objective 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, January 21st. 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 report on Wednesday, March 4th. Jefferies Financial Group lowered their target price on shares of Paramount Resources from C$29.00 to C$28.00 in a research note on Tuesday, January 20th. Finally, 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. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$31.22.

Paramount Resources Company Profile

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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