Paramount Resources Ltd. (TSE:POU) Senior Officer Sells C$256,788.48 in Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Michael S. Han sold 8,320 shares of Paramount Resources stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total value of C$256,788.48.

Paramount Resources Stock Performance

POU opened at C$31.06 on Friday. Paramount Resources Ltd. has a twelve month low of C$24.51 and a twelve month high of C$33.06. The firm has a market capitalization of C$4.56 billion, a PE ratio of 13.16, a PEG ratio of 0.14 and a beta of 3.04. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The firm’s 50-day moving average price is C$29.10 and its 200 day moving average price is C$28.96.

Paramount Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a $0.15 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.80%. Paramount Resources’s dividend payout ratio (DPR) is presently 76.27%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on POU shares. Cibc World Mkts raised Paramount Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Cormark raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. Royal Bank of Canada boosted their price objective on shares of Paramount Resources from C$34.00 to C$37.00 in a research note on Friday, November 15th. CIBC raised their target price on shares of Paramount Resources from C$38.00 to C$39.50 in a research note on Friday, November 15th. Finally, Scotiabank upped their price target on Paramount Resources from C$43.00 to C$44.00 in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$38.20.

Paramount Resources Company Profile

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.