Garth W.J. Stotts Sells 12,000 Shares of Paramount Resources Ltd. (TSE:POU) Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Garth W.J. Stotts sold 12,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$31.02, for a total value of C$372,183.60.

Paramount Resources Trading Down 1.5 %

Shares of POU opened at C$30.54 on Wednesday. The firm has a market cap of C$4.48 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. Paramount Resources Ltd. has a fifty-two week low of C$24.51 and a fifty-two week high of C$33.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.75. The business has a 50-day moving average of C$26.90 and a 200 day moving average of C$29.21.

Paramount Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be given a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Friday, November 15th. Paramount Resources’s dividend payout ratio (DPR) is currently 76.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating on the stock in a report on Monday, September 16th. CIBC upped their price objective on shares of Paramount Resources from C$38.00 to C$39.50 in a research report on Friday, November 15th. Scotiabank lifted their target price on shares of Paramount Resources from C$43.00 to C$44.00 in a research report on Friday, November 15th. Royal Bank of Canada upped their target price on Paramount Resources from C$34.00 to C$37.00 in a report on Friday, November 15th. Finally, Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$37.60.

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.