Paramount Resources Ltd. (TSE:POU) Senior Officer Mark Gordon Franko Sells 8,000 Shares

Paramount Resources Ltd. (TSE:POU) Senior Officer Mark Gordon Franko sold 8,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of C$32.20, for a total transaction of C$257,600.00.

Paramount Resources Stock Performance

Paramount Resources stock opened at C$32.63 on Wednesday. Paramount Resources Ltd. has a 1-year low of C$24.59 and a 1-year high of C$33.80. 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 firm has a market capitalization of C$4.71 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.14 and a beta of 3.23. The company’s 50-day moving average is C$28.92 and its 200 day moving average is C$27.90.

Paramount Resources (TSE:POU) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.95 by C($0.20). The company had revenue of C$470.50 million for the quarter, compared to the consensus estimate of C$436.00 million. Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. Research analysts forecast that Paramount Resources Ltd. will post 2.3708207 EPS for the current year.

Paramount Resources Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.80 annualized dividend and a dividend yield of 5.52%. This is a positive change from Paramount Resources’s previous monthly dividend of $0.13. Paramount Resources’s dividend payout ratio (DPR) is currently 47.32%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on POU. Cormark lowered Paramount Resources from a “buy” rating to a “market perform” rating and cut their price objective for the company from C$40.00 to C$37.50 in a research report on Thursday, March 7th. Scotiabank reduced 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 research report on Thursday, March 7th. Stifel Nicolaus increased their price objective on shares of Paramount Resources from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. ATB Capital reduced their target price 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. Finally, BMO Capital Markets increased their price target on shares of Paramount Resources from C$37.00 to C$38.50 and gave the company an “outperform” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$35.80.

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.