Paramount Resources Ltd. (TSE:POU - Get Free Report) Senior Officer Rodrigo Sousa sold 43,535 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of C$21.85, for a total transaction of C$951,239.75.
Paramount Resources Stock Performance
Shares of Paramount Resources stock traded up C$0.44 on Monday, reaching C$22.43. 688,487 shares of the stock were exchanged, compared to its average volume of 785,939. The business has a fifty day moving average price of C$17.81 and a two-hundred day moving average price of C$22.81. Paramount Resources Ltd. has a 1-year low of C$14.33 and a 1-year high of C$32.83. The firm has a market capitalization of C$3.34 billion, a PE ratio of 9.18, a PEG ratio of 0.14 and a beta of 3.04. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06.
Paramount Resources Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.67%. Paramount Resources's dividend payout ratio (DPR) is 73.70%.
Wall Street Analyst Weigh In
POU has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price target on Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. CIBC decreased their price target on Paramount Resources from C$24.50 to C$22.00 in a research note on Thursday, April 10th. Raymond James set a C$20.00 price objective on shares of Paramount Resources and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. National Bank Financial cut shares of Paramount Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Scotiabank cut their price target on Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$23.33.
Get Our Latest Report on POU
Paramount Resources Company Profile
(
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Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada.
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