Paramount Resources Ltd. (TSE:POU) Senior Officer Sells C$80,593.56 in Stock

Paramount Resources Ltd. (TSE:POU - Get Free Report) Senior Officer John B. Williams sold 2,532 shares of Paramount Resources stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$31.83, for a total transaction of C$80,593.56.

John B. Williams also recently made the following trade(s):

• On Wednesday, April 10th, John B. Williams sold 8,000 shares of Paramount Resources stock. The shares were sold at an average price of C$29.60, for a total value of C$236,800.00.

Paramount Resources Stock Down 0.5 %

Shares of TSE POU traded down C$0.15 on Tuesday, reaching C$32.01. 128,601 shares of the company's stock traded hands, compared to its average volume of 260,336. The company has a quick ratio of 0.68, a current ratio of 0.67 and a debt-to-equity ratio of 0.84. The business's 50 day simple moving average is C$29.14 and its two-hundred day simple moving average is C$27.88. Paramount Resources Ltd. has a 12 month low of C$24.59 and a 12 month high of C$33.80. The company has a market cap of C$4.68 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.14 and a beta of 3.19.

Paramount Resources (TSE:POU - Get Free Report) last posted 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). Paramount Resources had a net margin of 19.97% and a return on equity of 9.92%. The company had revenue of C$470.50 million for the quarter, compared to the consensus estimate of C$436.00 million. As a group, equities research analysts forecast that Paramount Resources Ltd. will post 2.3708207 EPS for the current fiscal year.

Paramount Resources Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Tuesday, May 14th. This is a positive change from Paramount Resources's previous monthly dividend of $0.13. Paramount Resources's payout ratio is currently 78.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on POU shares. National Bankshares lifted their price objective on Paramount Resources from C$37.50 to C$40.00 and gave the stock an "outperform" rating in a research report on Friday, April 19th. Stifel Nicolaus lifted their price target on shares of Paramount Resources from C$36.00 to C$37.00 and gave the company a "buy" rating in a report on Friday, May 3rd. Royal Bank of Canada upped their price objective on shares of Paramount Resources from C$34.00 to C$36.00 and gave the stock a "sector perform" rating in a report on Friday, May 3rd. CIBC lifted their target price on shares of Paramount Resources from C$35.00 to C$37.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Finally, BMO Capital Markets increased their price target on shares of Paramount Resources from C$37.00 to C$38.50 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Paramount Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of C$35.80.

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.