Paramount Resources (TSE:POU) Insider Sells C$156,800.00 in Stock

Paramount Resources Ltd. (TSE:POU) insider Tyson Riddell sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$31.36, for a total value of C$156,800.00. Following the transaction, the insider owned 14,458 shares of the company’s stock, valued at C$453,402.88. This represents a 25.70% decrease in their position.

Paramount Resources Price Performance

TSE POU traded up C$0.50 during trading on Friday, hitting C$31.84. 149,223 shares of the stock traded hands, compared to its average volume of 301,589. The company has a market capitalization of C$4.62 billion, a P/E ratio of 3.63, a price-to-earnings-growth ratio of 0.14 and a beta of -0.03. The firm has a 50-day simple moving average of C$29.07 and a 200-day simple moving average of C$26.09. The company has a quick ratio of 0.68, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. Paramount Resources Ltd. has a 12-month low of C$18.61 and a 12-month high of C$31.96.

Paramount Resources (TSE:POU) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.36 earnings per share for the quarter. The business 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%. As a group, analysts predict that Paramount Resources Ltd. will post 1.4075758 EPS for the current year.

Paramount Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.05 per share. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, May 15th. Paramount Resources’s dividend payout ratio (DPR) is currently 6.83%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on POU shares. Canadian Imperial Bank of Commerce lifted their target price on Paramount Resources from C$25.50 to C$30.50 in a report on Wednesday, March 4th. National Bank Financial lifted their target price on Paramount Resources from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Wednesday. ATB Cormark Capital Markets lifted their target price on Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Roth Mkm set a C$33.00 target price on Paramount Resources and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, Scotiabank lifted their target price on Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Paramount Resources presently has an average rating of “Moderate Buy” and a consensus 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”.