Rodrigo Sousa Buys 5,600 Shares of Paramount Resources Ltd. (TSE:POU) Stock

Paramount Resources Ltd. (TSE:POU) Senior Officer Rodrigo Sousa purchased 5,600 shares of Paramount Resources stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price 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 acquired 248 shares of Paramount Resources stock. The stock was acquired at an average price of C$31.88 per share, for a total transaction of C$7,906.24.

Paramount Resources Trading Up 0.1 %

POU stock opened at C$16.00 on Wednesday. Paramount Resources Ltd. has a 52 week low of C$14.33 and a 52 week high of C$33.06. The company has a market capitalization of C$2.38 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. The company’s 50-day simple moving average is C$26.25 and its 200 day simple moving average is C$27.56. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62.

Paramount Resources Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 28th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.75%. Paramount Resources’s payout ratio is presently 73.70%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. National Bank Financial lowered Paramount Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Cormark upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. 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. Jefferies Financial Group reduced their target price on shares of Paramount Resources from C$35.00 to C$21.00 in a report on Monday, February 24th. Finally, BMO Capital Markets lowered their price target on shares of Paramount Resources from C$40.00 to C$25.00 in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.