Paramount Resources Ltd. (TSE:POU) Senior Officer John B. Williams Sells 11,929 Shares of Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer John B. Williams sold 11,929 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$31.00, for a total transaction of C$369,799.00.

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

• On Tuesday, May 14th, John B. Williams sold 2,532 shares of Paramount Resources stock. The stock was sold at an average price of C$31.83, for a total transaction of C$80,593.56.
• On Wednesday, April 10th, John B. Williams sold 8,000 shares of Paramount Resources stock. The stock was sold at an average price of C$29.60, for a total transaction of C$236,800.00.

Paramount Resources Trading Up 3.5 %

TSE:POU opened at C$31.08 on Tuesday. The company has a fifty day moving average of C$31.48 and a 200 day moving average of C$28.57. Paramount Resources Ltd. has a 52 week low of C$24.59 and a 52 week high of C$33.80. 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 firm has a market capitalization of C$4.54 billion, a P/E ratio of 13.51, a P/E/G ratio of 0.14 and a beta of 3.19.

Paramount Resources (TSE:POU) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.46 EPS for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.13). Paramount Resources had a net margin of 19.97% and a return on equity of 9.92%. The firm had revenue of C$452.30 million for the quarter, compared to the consensus estimate of C$415.00 million. On average, research analysts predict that Paramount Resources Ltd. will post 1.8292264 earnings per share for the current year.

Paramount Resources Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be issued a $0.15 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.80 annualized dividend and a yield of 5.79%. Paramount Resources’s dividend payout ratio (DPR) is presently 78.26%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. ATB Capital cut their price target on shares of Paramount Resources from C$37.00 to C$36.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Jefferies Financial Group cut their price objective on shares of Paramount Resources from C$33.00 to C$31.00 in a research note on Thursday, March 7th. CIBC upped their price objective 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. National Bankshares upped their price objective on shares of Paramount Resources from C$37.50 to C$40.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, Scotiabank cut their price objective on shares of Paramount Resources from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Paramount Resources has an average rating of “Moderate Buy” and a consensus price target of C$35.80.

About Paramount Resources

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.