Paramount Resources Ltd. (TSE:POU) Senior Officer Sells C$256,788.48 in Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Michael S. Han sold 8,320 shares of Paramount Resources stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$30.86, for a total transaction of C$256,788.48.

Paramount Resources Stock Performance

Paramount Resources stock traded up C$0.06 during mid-day trading on Tuesday, reaching C$31.04. The company’s stock had a trading volume of 140,065 shares, compared to its average volume of 320,193. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. Paramount Resources Ltd. has a twelve month low of C$24.51 and a twelve month high of C$33.06. The business has a 50 day moving average price of C$28.97 and a 200-day moving average price of C$28.95. The firm has a market cap of C$4.55 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 0.14 and a beta of 3.04.

Paramount Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.80%. The ex-dividend date of this dividend is Monday, December 16th. Paramount Resources’s dividend payout ratio (DPR) is 76.27%.

Analyst Ratings Changes

A number of equities analysts have recently commented on POU shares. Cormark raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. Royal Bank of Canada raised their price objective on shares of Paramount Resources from C$34.00 to C$37.00 in a research report on Friday, November 15th. CIBC increased their target price on Paramount Resources from C$38.00 to C$39.50 in a research note on Friday, November 15th. Jefferies Financial Group reduced their price target on Paramount Resources from C$37.00 to C$35.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Scotiabank increased their price objective on Paramount Resources from C$43.00 to C$44.00 in a research report on Friday, November 15th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.20.

Paramount Resources Company Profile

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.