Paramount Resources Ltd. (TSE:POU) Director James Geral Bell Sells 6,666 Shares

Paramount Resources Ltd. (TSE:POU - Get Free Report) Director James Geral Bell sold 6,666 shares of the business's stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$29.03, for a total value of C$193,513.98.

Paramount Resources Trading Up 1.8 %

Shares of TSE:POU traded up C$0.51 during midday trading on Tuesday, reaching C$29.27. The company's stock had a trading volume of 281,009 shares, compared to its average volume of 245,970. Paramount Resources Ltd. has a fifty-two week low of C$24.59 and a fifty-two week high of C$33.80. The firm has a market capitalization of C$4.23 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.14 and a beta of 3.31. The firm has a 50 day moving average price of C$27.43 and a two-hundred day moving average price of C$28.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.71.

Paramount Resources (TSE:POU - Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported C$0.75 EPS for the quarter, missing analysts' consensus estimates of C$0.95 by C($0.20). Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. The firm had revenue of C$470.50 million during the quarter, compared to the consensus estimate of C$436.00 million. As a group, analysts forecast that Paramount Resources Ltd. will post 2.3138075 earnings per share for the current year.

Paramount Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Friday, April 12th. Paramount Resources's dividend payout ratio is currently 47.32%.

Analyst Ratings Changes

Several brokerages have commented on POU. Raymond James cut their target price on Paramount Resources from C$40.00 to C$36.00 and set an "outperform" rating on the stock in a report on Friday, January 19th. ATB Capital cut their target price on Paramount Resources from C$37.00 to C$36.00 and set an "outperform" rating on the stock in a report on Thursday, March 7th. Royal Bank of Canada cut their target price on Paramount Resources from C$33.00 to C$32.00 and set a "sector perform" rating on the stock in a report on Thursday, March 7th. National Bankshares cut their target price on Paramount Resources from C$40.00 to C$37.50 and set an "outperform" rating on the stock in a report on Thursday, March 7th. Finally, Jefferies Financial Group cut their target price on Paramount Resources from C$33.00 to C$31.00 in a report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$33.90.

Paramount Resources Company Profile

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.