Insider Selling: Paramount Resources Ltd. (TSE:POU) Senior Officer Sells 12,000 Shares of Stock

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

TSE:POU remained flat at C$31.01 during trading hours on Monday. The company’s stock had a trading volume of 334,482 shares, compared to its average volume of 299,675. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 0.83. Paramount Resources Ltd. has a one year low of C$24.51 and a one year high of C$33.06. The business has a fifty day moving average price of C$26.82. The stock has a market capitalization of C$4.55 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04.

Paramount Resources Dividend Announcement

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

Analyst Upgrades and Downgrades

POU has been the topic of several recent analyst reports. Scotiabank raised their price target on shares of Paramount Resources from C$43.00 to C$44.00 in a research note on Friday. CIBC increased their target price on shares of Paramount Resources from C$38.00 to C$39.50 in a report on Friday. Jefferies Financial Group reduced their price target on shares of Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating for the company in a report on Monday, September 16th. Cormark raised 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 report on Friday. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Paramount Resources has an average rating of “Moderate Buy” and a consensus price target 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.