Insider Selling: Paramount Resources Ltd. (TSE:POU) Senior Officer Sells 8,000 Shares of Stock

Paramount Resources Ltd. (TSE:POU - Get Free Report) Senior Officer John B. Williams sold 8,000 shares of Paramount Resources stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$29.60, for a total value of C$236,800.00.

Paramount Resources Stock Up 1.0 %

TSE POU traded up C$0.29 during mid-day trading on Wednesday, reaching C$29.56. The stock had a trading volume of 188,693 shares, compared to its average volume of 245,168. Paramount Resources Ltd. has a 1 year low of C$24.59 and a 1 year high of C$33.80. The stock has a market cap of C$4.27 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.14 and a beta of 3.31. The company has a fifty day moving average price of C$27.55 and a 200 day moving average price of C$27.99. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.71 and a quick ratio of 0.68.

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

Paramount Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.50 dividend on an annualized basis and a yield of 5.07%. Paramount Resources's dividend payout ratio is presently 47.32%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stifel Nicolaus dropped their price target on Paramount Resources from C$33.50 to C$33.00 and set a "buy" rating on the stock in a research report on Thursday, March 7th. ATB Capital dropped their price target on Paramount Resources from C$37.00 to C$36.00 and set an "outperform" rating on the stock in a research report on Thursday, March 7th. Scotiabank dropped their price target on Paramount Resources from C$30.00 to C$29.00 and set an "outperform" rating on the stock in a research report on Thursday, March 7th. National Bankshares dropped their price target on Paramount Resources from C$40.00 to C$37.50 and set an "outperform" rating on the stock in a research report on Thursday, March 7th. Finally, CIBC dropped their price target on Paramount Resources from C$32.50 to C$30.00 and set a "neutral" rating on the stock in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus 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.