Michael S. Han Sells 8,320 Shares of Paramount Resources Ltd. (TSE:POU) Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Michael S. Han sold 8,320 shares of Paramount Resources stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total transaction of C$256,788.48.

Paramount Resources Price Performance

POU stock opened at C$31.06 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The company has a market capitalization of C$4.56 billion, a P/E ratio of 13.16, a PEG ratio of 0.14 and a beta of 3.04. The business has a 50 day simple moving average of C$29.10 and a 200-day simple moving average of C$28.96. Paramount Resources Ltd. has a twelve month low of C$24.51 and a twelve month high of C$33.06.

Paramount Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.80 annualized dividend and a yield of 5.80%. Paramount Resources’s dividend payout ratio (DPR) is 76.27%.

Wall Street Analyst Weigh In

Several research firms have weighed in on POU. Royal Bank of Canada lifted their target price on Paramount Resources from C$34.00 to C$37.00 in a research report on Friday, November 15th. Cormark raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 15th. CIBC raised their price target on shares of Paramount Resources from C$38.00 to C$39.50 in a research report on Friday, November 15th. Cibc World Mkts raised Paramount Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Scotiabank lifted their target price on Paramount Resources from C$43.00 to C$44.00 in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Paramount Resources has an average rating of “Moderate Buy” and an average price target of C$38.20.

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.