Paramount Resources Ltd. (TSE:POU – Get Free Report) Senior Officer Bernard K. Lee sold 20,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of C$30.50, for a total value of C$610,000.00.
Paramount Resources Stock Down 0.5 %
Shares of TSE:POU opened at C$28.81 on Thursday. Paramount Resources Ltd. has a 52-week low of C$24.59 and a 52-week high of C$33.80. The firm has a market capitalization of C$4.16 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.14 and a beta of 3.31. The stock has a 50 day moving average price of C$27.87 and a 200-day moving average price of C$27.88. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.71.
Paramount Resources (TSE:POU – Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.95 by C($0.20). Paramount Resources had a return on equity of 13.67% and a net margin of 26.13%. The firm had revenue of C$470.50 million during the quarter, compared to the consensus estimate of C$436.00 million. As a group, equities research analysts anticipate that Paramount Resources Ltd. will post 2.5252525 EPS for the current fiscal year.
Paramount Resources Dividend Announcement
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Jefferies Financial Group dropped their price target on Paramount Resources from C$33.00 to C$31.00 in a research report on Thursday, March 7th. Raymond James decreased their target price on Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. CIBC cut their price objective on Paramount Resources from C$32.50 to C$30.00 and set a “neutral” rating for the company in a report on Thursday, March 7th. Scotiabank cut their price objective on Paramount Resources from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Finally, Stifel Nicolaus dropped their target price on Paramount Resources from C$33.50 to C$33.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$33.90.
Get Our Latest Stock Report on POU
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.
Recommended Stories
- Five stocks we like better than Paramount Resources
- How to Invest in the FAANG Stocks
- United Airlines Soars on Earnings Beat
- 3 Fintech Stocks With Good 2021 Prospects
- J.B. Hunt Hits the Skids: Lower Prices to Come
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Paramount Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources and related companies with MarketBeat.com's FREE daily email newsletter.