Paramount Resources Ltd. (TSE:POU) Senior Officer Sells C$372,183.60 in Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Garth W.J. Stotts sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$31.02, for a total value of C$372,183.60.

Paramount Resources Stock Down 1.5 %

Shares of POU opened at C$30.54 on Wednesday. Paramount Resources Ltd. has a 1 year low of C$24.51 and a 1 year high of C$33.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.75 and a quick ratio of 0.68. The stock has a 50 day simple moving average of C$26.90 and a two-hundred day simple moving average of C$29.21. The firm has a market cap of C$4.48 billion, a P/E ratio of 12.97, a P/E/G ratio of 0.14 and a beta of 3.04.

Paramount Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.89%. Paramount Resources’s dividend payout ratio (DPR) is 76.27%.

Analyst Ratings Changes

A number of equities analysts have recently commented on POU shares. CIBC raised their price objective on shares of Paramount Resources from C$38.00 to C$39.50 in a research report on Friday, November 15th. Scotiabank upped their price target on shares of Paramount Resources from C$43.00 to C$44.00 in a report on Friday, November 15th. Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. Royal Bank of Canada upped their target price on Paramount Resources from C$34.00 to C$37.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group dropped their price target on Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Paramount Resources presently has an average rating of “Moderate Buy” and a consensus target price of C$37.60.

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.