John Williams Sells 4,800 Shares of Paramount Resources (TSE:POU) Stock

Key Points

• Insider sale: John Williams sold 4,800 shares on March 19 at an average price of C$30.10 for C$144,480, cutting his stake by 2.73% to 171,285 shares (≈C$5.16M).
• Paramount (TSE:POU) was trading near C$28.31 with a market cap of C$4.09B, a P/E of 3.22, a 52-week range of C$14.50–C$30.67, and 50/200-day moving averages of C$27.49/C$24.82.
• Dividend & analyst view: The company pays a monthly dividend of C$0.05/share (yield ~2.1%, ex-dividend April 15), and analysts rate the stock a "Moderate Buy" with an average target of C$31.22 (5 Buys, 2 Holds).

Paramount Resources Ltd. (TSE:POU - Get Free Report) insider John Williams sold 4,800 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$30.10, for a total transaction of C$144,480.00. Following the transaction, the insider owned 171,285 shares in the company, valued at approximately C$5,155,678.50. This trade represents a 2.73% decrease in their ownership of the stock.

Paramount Resources Stock Performance

TSE:POU remained flat at C$28.31 during mid-day trading on Friday. 340,588 shares of the company were exchanged, compared to its average volume of 315,110. The company has a quick ratio of 0.68, a current ratio of 3.77 and a debt-to-equity ratio of 0.94. The stock has a market cap of C$4.09 billion, a price-to-earnings ratio of 3.22, a price-to-earnings-growth ratio of 0.14 and a beta of 0.14. Paramount Resources Ltd. has a 1 year low of C$14.50 and a 1 year high of C$30.67. The firm's fifty day moving average price is C$27.49 and its 200 day moving average price is C$24.82.

Paramount Resources (TSE:POU - Get Free Report) last released its earnings results on Tuesday, March 3rd. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$262.50 million for the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%. As a group, sell-side analysts expect that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current year.

Paramount Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 30th will be issued a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Paramount Resources's dividend payout ratio is currently 6.83%.

Analyst Upgrades and Downgrades

POU has been the subject of a number of recent analyst reports. Jefferies Financial Group reduced their target price on Paramount Resources from C$29.00 to C$28.00 in a report on Tuesday, January 20th. Roth Mkm set a C$33.00 price target on shares of Paramount Resources and gave the stock a "buy" rating in a research note on Wednesday, March 4th. Canadian Imperial Bank of Commerce increased their price target on shares of Paramount Resources from C$25.50 to C$30.50 in a report on Wednesday, March 4th. BMO Capital Markets raised their price objective 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. Finally, Royal Bank Of Canada boosted their price objective 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. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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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