Joerg Wittenberg Sells 3,900 Shares of Paramount Resources (TSE:POU) Stock

by · The Cerbat Gem

Paramount Resources Ltd. (TSE:POU – Get Free Report) insider Joerg Wittenberg sold 3,900 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of C$33.28, for a total transaction of C$129,792.00. Following the sale, the insider directly owned 54,321 shares of the company’s stock, valued at approximately C$1,807,802.88. This trade represents a 6.70% decrease in their position.

Paramount Resources Price Performance

Shares of Paramount Resources stock traded down C$1.20 on Monday, reaching C$31.87. 189,212 shares of the stock were exchanged, compared to its average volume of 302,337. The firm’s 50 day moving average is C$29.50 and its 200-day moving average is C$26.57. Paramount Resources Ltd. has a one year low of C$18.92 and a one year high of C$33.44. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 2.57. The firm has a market cap of C$4.63 billion, a PE ratio of 79.68, a P/E/G ratio of 0.14 and a beta of -0.03.

Paramount Resources (TSE:POU – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.36 EPS 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%. As a group, analysts anticipate that Paramount Resources Ltd. will post 1.4075758 EPS for the current fiscal year.

Paramount Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 29th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a yield of 1.9%. Paramount Resources’s dividend payout ratio is presently 150.00%.

Analyst Ratings Changes

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

Check Out 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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