Paramount Resources Ltd. (TSE:POU - Get Free Report) Senior Officer David Blake Reid sold 68,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$30.90, for a total value of C$2,101,200.00.
Paramount Resources Stock Performance
Shares of POU traded up C$0.34 during midday trading on Friday, hitting C$31.51. 114,601 shares of the stock traded hands, compared to its average volume of 302,104. The business's 50 day moving average price is C$27.17 and its two-hundred day moving average price is C$29.21. The firm has a market capitalization of C$4.62 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.75. Paramount Resources Ltd. has a 1-year low of C$24.51 and a 1-year high of C$33.06.
Paramount Resources Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date is Friday, November 15th. Paramount Resources's dividend payout ratio (DPR) is 76.27%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Jefferies Financial Group lowered their price target on shares of Paramount Resources from C$36.00 to C$29.00 and set a "buy" rating on the stock in a research report on Monday, September 16th. Cibc World Mkts upgraded shares of Paramount Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 17th. Scotiabank lifted their price objective on shares of Paramount Resources from C$43.00 to C$44.00 in a research report on Friday, November 15th. Royal Bank of Canada boosted their target price on Paramount Resources from C$34.00 to C$37.00 in a report on Friday, November 15th. Finally, Cormark upgraded Paramount Resources from a "hold" rating to a "moderate buy" rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$37.60.
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Check Out Our Latest Research Report on POU
Paramount Resources Company Profile
(
Get Free Report)
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.
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