Insider Buying: Paramount Resources Ltd. (TSE:POU) Senior Officer Acquires 5,600 Shares of Stock

Paramount Resources Ltd. (TSE:POU - Get Free Report) Senior Officer Rodrigo Sousa purchased 5,600 shares of the company's stock in a transaction on Friday, March 7th. The stock was bought at an average cost of C$15.78 per share, for a total transaction of C$88,365.76.

Rodrigo Sousa also recently made the following trade(s):

• On Friday, January 10th, Rodrigo Sousa purchased 248 shares of Paramount Resources stock. The stock was bought at an average cost of C$31.88 per share, for a total transaction of C$7,906.24.

Paramount Resources Stock Up 1.4 %

Shares of Paramount Resources stock traded up C$0.23 on Friday, hitting C$16.45. 152,832 shares of the company traded hands, compared to its average volume of 1,002,371. The company has a 50-day moving average price of C$25.63 and a 200 day moving average price of C$27.40. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06. Paramount Resources Ltd. has a 12-month low of C$14.33 and a 12-month high of C$33.06. The company has a market cap of C$2.45 billion, a PE ratio of 6.74, a PEG ratio of 0.14 and a beta of 3.04.

Paramount Resources Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were issued a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, February 20th. Paramount Resources's dividend payout ratio is currently 73.70%.

Wall Street Analyst Weigh In

Several analysts have issued reports on POU shares. Scotiabank cut their target price on shares of Paramount Resources from C$46.00 to C$31.00 in a research note on Wednesday, February 19th. BMO Capital Markets cut their target price on shares of Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. National Bank Financial downgraded shares of Paramount Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Royal Bank of Canada cut their target price on shares of Paramount Resources from C$34.00 to C$19.00 in a research note on Tuesday, February 18th. Finally, CIBC cut their target price on shares of Paramount Resources from C$39.50 to C$24.50 in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Paramount Resources currently has an average rating of "Moderate Buy" and a consensus target price of C$28.21.

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About Paramount Resources

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada.