Paramount Resources Ltd. (TSE:POU) Insider Brenda Gail Riddell Buys 100,000 Shares of Stock

Paramount Resources Ltd. (TSE:POU) insider Brenda Gail Riddell purchased 100,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were purchased at an average price of C$31.30 per share, with a total value of C$3,129,630.00.

Paramount Resources Trading Down 1.0 %

Shares of POU opened at C$30.82 on Wednesday. The firm has a market capitalization of C$4.52 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.14 and a beta of 3.04. The company has a 50-day moving average of C$27.52 and a 200 day moving average of C$29.20. Paramount Resources Ltd. has a 1-year low of C$24.51 and a 1-year high of C$33.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.75 and a quick ratio of 0.68.

Paramount Resources Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.80 annualized dividend and a yield of 5.84%. Paramount Resources’s payout ratio is currently 76.27%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. Jefferies Financial Group decreased their price target on 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 World Mkts raised shares of Paramount Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of Paramount Resources from C$34.00 to C$37.00 in a report on Friday, November 15th. Finally, CIBC upped their price target on shares of Paramount Resources from C$38.00 to C$39.50 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$37.60.

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.