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

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

Paramount Resources Stock Performance

Shares of TSE POU opened at C$32.06 on Friday. The stock has a 50 day moving average price of C$29.12 and a 200 day moving average price of C$26.13. Paramount Resources Ltd. has a 52 week low of C$18.61 and a 52 week high of C$32.06. 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 stock has a market capitalization of C$4.66 billion, a PE ratio of 80.15, a price-to-earnings-growth ratio of 0.14 and a beta of -0.03.

Paramount Resources (TSE:POU) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.36 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. Analysts predict that Paramount Resources Ltd. will post 1.4075758 earnings per share for the current fiscal year.

Paramount Resources Announces Dividend

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 given a $0.05 dividend. 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 presently 150.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on POU. Scotiabank raised their price objective on Paramount Resources from C$29.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. National Bank Financial raised their price objective on Paramount Resources from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Wednesday. Roth Mkm set a C$33.00 price objective on Paramount Resources and gave the company a “buy” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada raised their price objective 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. Finally, Canadian Imperial Bank of Commerce raised their price objective on Paramount Resources from C$25.50 to C$30.50 in a research report on Wednesday, March 4th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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”.