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 Mark Gordon Franko sold 8,000 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$32.20, for a total transaction of C$257,600.00.

Paramount Resources Stock Up 1.3 %

Shares of POU traded up C$0.41 during trading on Monday, reaching C$32.46. The company's stock had a trading volume of 275,082 shares, compared to its average volume of 265,734. Paramount Resources Ltd. has a twelve month low of C$24.59 and a twelve month high of C$33.80. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 0.83. The company has a market cap of C$4.69 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.14 and a beta of 3.23. The company has a fifty day moving average of C$28.87 and a two-hundred day moving average of C$27.90.

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 the consensus estimate of C$0.95 by C($0.20). The company had revenue of C$470.50 million for the quarter, compared to analyst estimates of C$436.00 million. Paramount Resources had a return on equity of 13.67% and a net margin of 26.13%. On average, sell-side analysts predict that Paramount Resources Ltd. will post 2.3708207 EPS for the current fiscal year.

Paramount Resources Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.80 annualized dividend and a yield of 5.55%. This is a boost from Paramount Resources's previous monthly dividend of $0.13. Paramount Resources's dividend payout ratio is presently 47.32%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Paramount Resources from C$36.00 to C$37.00 and gave the company a "buy" rating in a research note on Friday. Scotiabank decreased their price objective on shares of Paramount Resources from C$30.00 to C$29.00 and set an "outperform" rating for the company in a research note on Thursday, March 7th. BMO Capital Markets increased their price objective on shares of Paramount Resources from C$37.00 to C$38.50 and gave the stock an "outperform" rating in a research report on Friday. Jefferies Financial Group decreased their price target on shares of Paramount Resources from C$33.00 to C$31.00 in a research report on Thursday, March 7th. Finally, Royal Bank of Canada increased their price target on Paramount Resources from C$34.00 to C$36.00 and gave the company a "sector perform" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$35.80.

About Paramount Resources

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.