Paramount Resources (TSE:POU) Insider David Blake Reid Sells 25,000 Shares

Paramount Resources Ltd. (TSE:POU) insider David Blake Reid sold 25,000 shares of Paramount Resources stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$30.90, for a total transaction of C$772,500.00. Following the completion of the transaction, the insider directly owned 172,313 shares of the company’s stock, valued at C$5,324,471.70. The trade was a 12.67% decrease in their ownership of the stock.

Paramount Resources Price Performance

Shares of TSE:POU traded up C$0.72 on Friday, reaching C$32.06. The company’s stock had a trading volume of 279,033 shares, compared to its average volume of 302,991. The company has a 50-day simple moving average of C$29.12 and a 200 day simple moving average of C$26.13. Paramount Resources Ltd. has a 52-week low of C$18.61 and a 52-week high of C$32.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 2.57. The company has a market cap of C$4.66 billion, a P/E ratio of 80.15, a PEG ratio of 0.14 and a beta of -0.03.

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

Paramount Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be paid a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 15th. Paramount Resources’s dividend payout ratio (DPR) is presently 150.00%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on POU. Scotiabank increased their price target on Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Roth Mkm set a C$33.00 price objective on shares of Paramount Resources and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Jefferies Financial Group reduced their target price on shares of Paramount Resources from C$29.00 to C$28.00 in a research note on Tuesday, January 20th. Raymond James Financial raised their target price on shares of Paramount Resources from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets lifted their price target on shares of Paramount Resources from C$24.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Paramount Resources presently has an average rating of “Moderate Buy” and an average target price of C$32.94.

Paramount Resources Company Profile

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”.