Tyson Riddell Sells 5,000 Shares of Paramount Resources (TSE:POU) Stock

by · The Cerbat Gem

Paramount Resources Ltd. (TSE:POU – Get Free Report) insider Tyson Riddell sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of C$31.36, for a total value of C$156,800.00. Following the sale, the insider directly owned 14,458 shares of the company’s stock, valued at C$453,402.88. This represents a 25.70% decrease in their ownership of the stock.

Paramount Resources Trading Up 1.6%

Shares of POU stock traded up C$0.50 on Friday, reaching C$31.84. 149,223 shares of the company’s stock were exchanged, compared to its average volume of 301,589. Paramount Resources Ltd. has a 52 week low of C$18.61 and a 52 week high of C$31.96. The company has a current ratio of 2.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of C$4.62 billion, a PE ratio of 3.63, a P/E/G ratio of 0.14 and a beta of -0.03. The company’s fifty day simple moving average is C$29.07 and its 200 day simple moving average is C$26.09.

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

Paramount Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 29th will be paid a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 15th. Paramount Resources’s dividend payout ratio (DPR) is currently 6.83%.

Analyst Upgrades and Downgrades

POU has been the subject of a number of research analyst reports. 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. Jefferies Financial Group decreased their target price on Paramount Resources from C$29.00 to C$28.00 in a research report on Tuesday, January 20th. BMO Capital Markets lifted their target price on Paramount Resources from C$24.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. Canadian Imperial Bank of Commerce lifted their target price on Paramount Resources from C$25.50 to C$30.50 in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada lifted their target price on Paramount Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$32.94.

View Our Latest Report on Paramount Resources

About Paramount Resources

(Get Free Report)

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”.

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