Paramount Resources Ltd. (TSE:POU - Get Free Report) Senior Officer Michael S. Han sold 8,320 shares of the company's stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$30.86, for a total transaction of C$256,788.48.
Paramount Resources Trading Up 0.3 %
Paramount Resources stock traded up C$0.08 during trading on Tuesday, reaching C$31.06. The company had a trading volume of 209,049 shares, compared to its average volume of 320,554. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.75. The firm has a market capitalization of C$4.56 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.14 and a beta of 3.04. Paramount Resources Ltd. has a 12-month low of C$24.51 and a 12-month high of C$33.06. The stock's 50 day moving average price is C$28.97 and its two-hundred day moving average price is C$28.95.
Paramount Resources Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.80%. Paramount Resources's dividend payout ratio (DPR) is presently 76.27%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. CIBC upped their price objective on Paramount Resources from C$38.00 to C$39.50 in a research report on Friday, November 15th. Royal Bank of Canada increased their price target on shares of Paramount Resources from C$34.00 to C$37.00 in a research note on Friday, November 15th. Jefferies Financial Group decreased their price objective on shares of Paramount Resources from C$37.00 to C$35.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Cormark upgraded Paramount Resources from a "hold" rating to a "moderate buy" rating in a research report on Friday, November 15th. Finally, Scotiabank lifted their price target on Paramount Resources from C$43.00 to C$44.00 in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$38.20.
View Our Latest Stock Report on Paramount Resources
About Paramount Resources
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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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