Paramount Resources Ltd. (TSE:POU) Senior Officer Bernard K. Lee Sells 20,000 Shares

Paramount Resources Ltd. (TSE:POU) Senior Officer Bernard K. Lee sold 20,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of C$30.50, for a total transaction of C$610,000.00.

Paramount Resources Stock Performance

Shares of Paramount Resources stock opened at C$28.95 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.71 and a quick ratio of 0.68. The stock has a market capitalization of C$4.18 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 0.14 and a beta of 3.31. The business has a 50-day moving average of C$27.79 and a 200 day moving average of C$27.90. 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 quarterly earnings data on Wednesday, March 6th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate of C$0.95 by C($0.20). The business had revenue of C$470.50 million during the quarter, compared to analysts’ expectations of C$436.00 million. Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. As a group, sell-side analysts forecast that Paramount Resources Ltd. will post 2.5252525 earnings per share for the current year.

Paramount Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.125 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.50 annualized dividend and a yield of 5.18%. Paramount Resources’s dividend payout ratio is presently 47.32%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on POU shares. Raymond James cut their price objective on shares of Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. ATB Capital cut their price objective on shares of Paramount Resources from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus cut their price target on shares of Paramount Resources from C$33.50 to C$33.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Scotiabank cut their price target on shares of Paramount Resources from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Finally, Jefferies Financial Group cut their price target on shares of Paramount Resources from C$33.00 to C$31.00 in a report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.90.

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.