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

Paramount Resources Ltd. (TSE:POU) Senior Officer Garth W.J. Stotts sold 12,000 shares of the business’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 Price Performance

TSE POU opened at C$31.01 on Tuesday. The company has a market cap of C$4.55 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. 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. The company’s fifty day moving average price is C$26.82.

Paramount Resources Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be issued a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend is Friday, November 15th. Paramount Resources’s dividend payout ratio is 76.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lowered their price target on Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating for the company in a research report on Monday, September 16th. CIBC upped their target price on shares of Paramount Resources from C$38.00 to C$39.50 in a research note on Friday. Cibc World Mkts raised shares of Paramount Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Cormark upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday. Finally, Royal Bank of Canada increased their target price on Paramount Resources from C$34.00 to C$37.00 in a research note on Friday. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Paramount Resources currently has an average rating of “Moderate Buy” and an average price target 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.