Dirk Jungé Sells 8,850 Shares of Paramount Resources (TSE:POU) Stock

Paramount Resources Ltd. (TSE:POU) Director Dirk Jungé sold 8,850 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$30.97, for a total value of C$274,084.50. Following the sale, the director owned 57,915 shares in the company, valued at approximately C$1,793,627.55. The trade was a 13.26% decrease in their ownership of the stock.

Paramount Resources Stock Performance

TSE:POU opened at C$31.45 on Friday. The firm has a market cap of C$4.57 billion, a price-to-earnings ratio of 78.63, a PEG ratio of 0.14 and a beta of -0.28. 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 business’s fifty day moving average is C$29.71 and its 200 day moving average is C$26.99. Paramount Resources Ltd. has a 52-week low of C$19.37 and a 52-week high of C$33.44.

Paramount Resources (TSE:POU) last announced its earnings results 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 for the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%. Research analysts predict that Paramount Resources Ltd. will post 1.4075758 EPS for the current year.

Paramount Resources Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be paid a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, June 15th. Paramount Resources’s dividend payout ratio is currently 150.00%.

Analyst Ratings Changes

POU has been the topic of a number of research analyst reports. Royal Bank Of Canada upped their target price on Paramount Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce upped their target price on Paramount Resources from C$25.50 to C$30.50 in a research note on Wednesday, March 4th. BMO Capital Markets upped their target price on Paramount Resources from C$24.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. National Bank Financial upped their target price on Paramount Resources from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Finally, ATB Cormark Capital Markets upped their target price on Paramount Resources from C$28.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. 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 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”.