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

Paramount Resources Ltd. (TSE:POU) insider David Blake Reid sold 25,000 shares of the company’s stock in a transaction dated 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 owned 172,313 shares in the company, valued at C$5,324,471.70. This represents a 12.67% decrease in their ownership of the stock.

Paramount Resources Price Performance

Shares of POU stock opened at C$32.06 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.57 and a quick ratio of 0.68. The company has a market capitalization of C$4.66 billion, a P/E ratio of 80.15, a P/E/G ratio of 0.14 and a beta of -0.03. The company’s 50-day simple moving average is C$29.12 and its two-hundred day simple moving average is C$26.13. Paramount Resources Ltd. has a one year low of C$18.61 and a one year high of C$32.06.

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

Paramount Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be paid a $0.05 dividend. 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 150.00%.

Analyst Upgrades and Downgrades

POU has been the subject of a number of research analyst reports. ATB Cormark Capital Markets raised their price target on shares of Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Scotiabank raised their price target on shares of Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Royal Bank Of Canada raised their price target on shares of Paramount Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Wednesday. Jefferies Financial Group decreased their price target on shares of Paramount Resources from C$29.00 to C$28.00 in a report on Tuesday, January 20th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Paramount Resources from C$25.50 to C$30.50 in a report on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Paramount Resources presently has a consensus rating of “Moderate Buy” and a consensus price target 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”.