Insider Selling: Paramount Resources (TSE:POU) Insider Sells C$129,792.00 in Stock

Paramount Resources Ltd. (TSE:POU) insider Joerg Wittenberg sold 3,900 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of C$33.28, for a total transaction of C$129,792.00. Following the completion of the transaction, the insider directly owned 54,321 shares of the company’s stock, valued at C$1,807,802.88. The trade was a 6.70% decrease in their position.

Paramount Resources Price Performance

Paramount Resources stock opened at C$30.62 on Thursday. The stock has a market capitalization of C$4.45 billion, a P/E ratio of 76.55, a P/E/G ratio of 0.14 and a beta of -0.03. Paramount Resources Ltd. has a 12-month low of C$18.92 and a 12-month high of C$33.44. 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 firm’s 50-day moving average is C$29.56 and its two-hundred day moving average is C$26.68.

Paramount Resources (TSE:POU) last posted its quarterly earnings data 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 net margin of 5.90% and a return on equity of 1.96%. Equities analysts predict that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current year.

Paramount Resources Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 2.0%. Paramount Resources’s dividend payout ratio (DPR) is 150.00%.

Analysts Set New Price Targets

Several research firms recently commented on POU. Raymond James Financial upped their target price on Paramount Resources from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Roth Mkm set a C$33.00 price target on Paramount Resources and gave the stock a “buy” rating in a research note on Wednesday, March 4th. ATB Cormark Capital Markets lifted their price target on Paramount Resources from C$28.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. BMO Capital Markets upped their price objective on shares of Paramount Resources from C$24.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. Finally, National Bank Financial raised their target price on shares of Paramount Resources from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$32.94.

Paramount Resources Company Profile

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”.