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

Paramount Resources Ltd. (TSE:POU) Senior Officer John B. Williams sold 11,929 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were 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 shares were 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 shares were sold at an average price of C$29.60, for a total transaction of C$236,800.00.

Paramount Resources Stock Performance

POU opened at C$30.70 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of C$4.49 billion, a PE ratio of 13.35, a P/E/G ratio of 0.14 and a beta of 3.19. The firm has a 50 day moving average of C$31.55 and a two-hundred day moving average of C$28.62. Paramount Resources Ltd. has a 12-month low of C$24.59 and a 12-month high of C$33.80.

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

Paramount Resources Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be paid a $0.15 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.80 dividend on an annualized basis and a yield of 5.86%. Paramount Resources’s dividend payout ratio is currently 78.26%.

Wall Street Analyst Weigh In

POU has been the subject of several research analyst reports. National Bankshares increased 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 report on Friday, April 19th. Stifel Nicolaus increased their price objective on shares of Paramount Resources from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Cormark lowered shares of Paramount Resources from a “buy” rating to a “market perform” rating and decreased their price objective for the company from C$40.00 to C$37.50 in a research report on Thursday, March 7th. ATB Capital reduced 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 report on Thursday, March 7th. Finally, Jefferies Financial Group reduced their price target on shares of Paramount Resources from C$33.00 to C$31.00 in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.