Paramount Resources (TSE:POU) Director Sells 2,050 Shares of Stock

Paramount Resources Ltd. (TSE:POU) Director James Geral Bell sold 2,050 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$27.17, for a total value of C$55,698.50.

James Geral Bell also recently made the following trade(s):

• On Thursday, July 2nd, James Geral Bell acquired 460 shares of Paramount Resources stock. The stock was acquired at an average price of C$27.14 per share, for a total transaction of C$12,484.40.

Paramount Resources Stock Down 0.6%

Shares of TSE POU traded down C$0.17 during midday trading on Thursday, hitting C$26.97. 140,459 shares of the company’s stock were exchanged, compared to its average volume of 289,077. The firm’s fifty day simple moving average is C$29.82 and its 200-day simple moving average is C$27.51. The company has a market cap of C$3.92 billion, a PE ratio of 67.42, a P/E/G ratio of 0.14 and a beta of -0.28. Paramount Resources Ltd. has a twelve month low of C$19.37 and a twelve month high of C$33.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.57 and a quick ratio of 0.68.

Paramount Resources (TSE:POU) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.36 earnings per share (EPS) for the quarter. The firm had revenue of C$276.20 million during the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%. Research analysts predict that Paramount Resources Ltd. will post 1.4075758 EPS for the current fiscal year.

Paramount Resources Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.05 dividend. The ex-dividend date was Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 2.2%. Paramount Resources’s dividend payout ratio is presently 150.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on POU shares. Canadian Imperial Bank of Commerce upped their price objective on shares of Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday, March 4th. Scotiabank raised Paramount Resources to a “hold” rating in a report on Friday, June 26th. National Bank Financial upped their target price on Paramount Resources from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets raised their price target on Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. Finally, BMO Capital Markets lifted their price target 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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”.