Rodrigo Sousa Acquires 520 Shares of Paramount Resources (TSE:POU) Stock

Key Points

• Insider Rodrigo Sousa acquired 520 shares of Paramount Resources at an average price of C$20.03, increasing his total holdings to 18,020 shares.
• Paramount Resources' stock traded down 4.6% to C$22.30, with a market capitalization of C$3.20 billion and a price-to-earnings ratio of 2.22.
• The company announced a monthly dividend of $0.05 per share, expected to be paid on October 31st, with an annualized yield of 2.7%.

Paramount Resources Ltd. (TSE:POU - Get Free Report) insider Rodrigo Sousa acquired 520 shares of the stock in a transaction dated Thursday, September 11th. The shares were bought at an average price of C$20.03 per share, for a total transaction of C$10,415.60. Following the transaction, the insider owned 18,020 shares in the company, valued at approximately C$360,940.60. This represents a 2.97% increase in their position.

Paramount Resources Trading Down 4.6%

TSE:POU traded down C$1.08 during trading hours on Friday, reaching C$22.30. The company's stock had a trading volume of 357,419 shares, compared to its average volume of 595,835. The firm has a market capitalization of C$3.20 billion, a price-to-earnings ratio of 2.22, a PEG ratio of 0.14 and a beta of 0.49. The firm has a 50-day simple moving average of C$21.05 and a 200-day simple moving average of C$19.84. Paramount Resources Ltd. has a 1 year low of C$14.33 and a 1 year high of C$32.83. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62.

Paramount Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 31st will be given a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, October 15th. Paramount Resources's dividend payout ratio (DPR) is presently 11.94%.

Wall Street Analyst Weigh In

POU has been the topic of a number of analyst reports. Jefferies Financial Group lifted their target price on shares of Paramount Resources from C$21.00 to C$25.00 in a research report on Wednesday, July 23rd. National Bankshares raised their price target on shares of Paramount Resources from C$25.00 to C$27.50 and gave the stock a "sector perform" rating in a report on Thursday, September 25th. Finally, Royal Bank Of Canada raised their price target on shares of Paramount Resources from C$23.00 to C$26.00 and gave the stock a "sector perform" rating in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$25.21.

About Paramount Resources

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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