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

Paramount Resources Ltd. (TSE:POU) Senior Officer Rodrigo Sousa bought 5,600 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of C$15.78 per share, with a total value of C$88,365.76.

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

• On Friday, January 10th, Rodrigo Sousa bought 248 shares of Paramount Resources stock. The shares were acquired at an average cost of C$31.88 per share, with a total value of C$7,906.24.

Paramount Resources Trading Up 3.6 %

TSE POU opened at C$16.58 on Thursday. The company has a market cap of C$2.47 billion, a PE ratio of 6.79, a PEG ratio of 0.14 and a beta of 3.04. The company has a current ratio of 0.62, a quick ratio of 0.68 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 stock has a 50 day moving average of C$25.94 and a 200-day moving average of C$27.48.

Paramount Resources Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were issued a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, February 20th. Paramount Resources’s payout ratio is presently 73.70%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on POU shares. National Bank Financial cut Paramount Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. BMO Capital Markets decreased their price target on shares of Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. Jefferies Financial Group decreased their price target on shares of Paramount Resources from C$35.00 to C$21.00 in a research note on Monday, February 24th. Royal Bank of Canada decreased their price target on shares of Paramount Resources from C$34.00 to C$19.00 in a research note on Tuesday, February 18th. Finally, CIBC decreased their price target 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 price target of C$28.21.

Paramount Resources Company Profile

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.