Insider Buying: Paramount Resources (TSE:POU) Insider Buys 6,946 Shares of Stock

Paramount Resources Ltd. (TSE:POU) insider Rodrigo Sousa purchased 6,946 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of C$30.50 per share, with a total value of C$211,853.00. Following the purchase, the insider directly owned 25,100 shares in the company, valued at C$765,550. This trade represents a 38.26% increase in their position.

Rodrigo Sousa also recently made the following trade(s):

• On Wednesday, May 13th, Rodrigo Sousa purchased 1,058 shares of Paramount Resources stock. The shares were purchased at an average price of C$30.75 per share, with a total value of C$32,533.50.
• On Wednesday, May 13th, Rodrigo Sousa purchased 1,684 shares of Paramount Resources stock. The shares were purchased at an average price of C$30.60 per share, with a total value of C$51,530.40.

Paramount Resources Stock Performance

POU traded down C$0.35 on Wednesday, hitting C$30.54. The company’s stock had a trading volume of 193,804 shares, compared to its average volume of 299,789. The company’s 50 day simple moving average is C$28.97 and its 200-day simple moving average is C$25.97. The firm has a market cap of C$4.43 billion, a P/E ratio of 3.48, a price-to-earnings-growth ratio of 0.14 and a beta of -0.03. Paramount Resources Ltd. has a 12 month low of C$18.10 and a 12 month high of C$31.42. The company has a quick ratio of 0.68, a current ratio of 3.77 and a debt-to-equity ratio of 0.94.

Paramount Resources (TSE:POU) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.36 EPS for the quarter. The company had revenue of C$276.20 million during the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. Analysts forecast that Paramount Resources Ltd. will post 1.4075758 EPS for the current year.

Paramount Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 29th will be paid a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, May 15th. Paramount Resources’s payout ratio is presently 6.83%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on POU. Jefferies Financial Group decreased their price objective on Paramount Resources from C$29.00 to C$28.00 in a research note on Tuesday, January 20th. Canadian Imperial Bank of Commerce boosted their price objective on Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday, March 4th. ATB Cormark Capital Markets boosted their target price on Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. BMO Capital Markets boosted their target price on Paramount Resources from C$24.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada boosted their target price on Paramount Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$32.94.

About Paramount Resources

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company’s principal properties are located in Alberta and British Columbia. Paramount’s class A common shares are listed on the Toronto Stock Exchange under the symbol “POU”.