Recent Insider Transactions Derivative • 14h
Insider exercised options to buy CA$1.5m worth of stock. On the 10th of June, Rodrigo Sousa exercised options to buy 50k shares at a strike price of around CA$14.19, costing a total of CA$709k. This transaction amounted to 11% of their direct individual holding at the time of the trade. Since June 2025, Rodrigo's direct individual holding has increased from 381.65k shares to 442.86k. Company insiders have collectively sold CA$1.5m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jun 04
Independent Director recently sold CA$276k worth of stock On the 2nd of June, Dirk Jungé sold around 9k shares on-market at roughly CA$31.14 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$1.8m. Insiders have been net sellers, collectively disposing of CA$5.9m more than they bought in the last 12 months. Declared Dividend • Jun 04
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 1.9%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (162% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 80% to bring the payout ratio under control. EPS is expected to grow by 254% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jun 01
Paramount Resources Ltd. Announces Dividend for the Month of June 2026, Payable on June 30, 2026 Paramount Resources Ltd. announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on June 30, 2026 to shareholders of record on June 15, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Recent Insider Transactions • May 25
Executive Vice President of Operations recently sold CA$769k worth of stock On the 20th of May, David Reid sold around 23k shares on-market at roughly CA$33.04 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$1.8m. David has been a net seller over the last 12 months, reducing personal holdings by CA$1.8m. Recent Insider Transactions • May 17
Executive Vice President of Operations recently sold CA$773k worth of stock On the 13th of May, David Reid sold around 25k shares on-market at roughly CA$30.90 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$1.8m. David has been a net seller over the last 12 months, reducing personal holdings by CA$1.1m. Reported Earnings • May 14
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CA$0.37 (down from CA$8.90 in 1Q 2025). Revenue: CA$280.4m (down 20% from 1Q 2025). Net income: CA$53.2m (down 96% from 1Q 2025). Profit margin: 19% (down from 369% in 1Q 2025). Revenue exceeded analyst estimates by 69%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Paramount Resources Ltd. Revises Production Guidance for the First Half and Full Year 2026 and 2027 Paramount Resources Ltd. revised production guidance for the first half and full year 2026 and 2027. For the first half of 2026, the company expects average sales volumes of between 43,000 Boe/d and 46,000 Boe/d (48% liquids), compared to previous guidance of 39,000 Boe/d to 44,000 Boe/d (47% liquids).
For the full year 2026, Paramount expects average sales volumes of between 48,000 Boe/d and 52,000 Boe/d (50% liquids), up from prior guidance of 46,000 Boe/d to 51,000 Boe/d (50% liquids).
For 2027, the company continues to expect annual sales volumes of between 60,000 Boe/d to 65,000 Boe/d (50% liquids) and a 2027 exit rate of production of over 100,000 Boe/d (35% liquids), representing more than double forecast 2026 midpoint sales volumes. Major Estimate Revision • May 13
Consensus revenue estimates increase by 29% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CA$794.5m to CA$1.03b. EPS estimate increased from CA$1.73 to CA$2.15 per share. Net income forecast to shrink 86% next year vs 32% growth forecast for Oil and Gas industry in Canada . Consensus price target up from CA$34.56 to CA$36.50. Share price rose 4.0% to CA$30.59 over the past week. Live News • May 13
Paramount Resources Sees Extended Willesden Green Output and Lower Capex as Price Target Rises Paramount Resources reported first quarter 2026 results, highlighting the earlier-than-expected start-up of the second phase of the Alhambra Plant.
The company increased its 2026 production guidance and reduced capital expenditure guidance for 2026 and 2027, citing strong well deliverability and capital efficiencies.
Willesden Green is now expected to sustain plateau production of about 70,000 Boe/d for over 20 years, around 40% above prior estimates, and National Bank Financial kept a sector-perform rating while lifting its price target to C$38.
A longer production plateau at Willesden Green, paired with lower planned capex, points to a shift in the profile of future cash needs versus expected output. This can change how you think about the company’s capital intensity over time.
The higher price target alongside a sector-perform rating underlines that, while the brokerage acknowledges the updated outlook, it still views the stock in line with the broader sector. You may want to weigh these operational changes against your view of commodity prices and sector risk. Declared Dividend • May 07
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.0%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 93% over the next 3 years. Since a fall of 91% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Apr 27
AKITA Drilling Ltd. (TSX:AKT.A) entered into a definitive agreement to acquire Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for CAD 75.9 million. AKITA Drilling Ltd. (TSX:AKT.A) entered into a definitive agreement to acquire Fox Drilling Limited Partnership from Paramount Resources Ltd. (TSX:POU) for CAD 75.9 million on April 27, 2026. The purchase price includes issuance of 19,264,270 common shares to Paramount Resources Ltd. Following the completion, Paramount shareholders are expected to collectively hold approximately 33% of AKITA's outstanding Common Shares. A special meeting of AKITA shareholders to approve the Share Reorganization to be held in June 2026.
The transaction is subject to customary conditions, including the conditional approval of the TSX for the listing of the Common Shares and shareholder approvals.
Blake, Cassels & Graydon LLP acted as legal advisor for AKITA Drilling Ltd. Charles River Associates served as financial advisor to the board of directors of the AKITA Drilling Ltd. Peters & Co., Limited acted as financial advisor and Norton Rose Fulbright Canada LLP acted as legal advisor for Paramount Resources Ltd. Major Estimate Revision • Apr 16
Consensus EPS estimates increase by 67% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CA$1.26 to CA$2.11. Revenue forecast unchanged at CA$794.5m. Net income forecast to shrink 86% next year vs 17% growth forecast for Oil and Gas industry in Canada . Consensus price target broadly unchanged at CA$33.83. Share price was steady at CA$27.20 over the past week. Recent Insider Transactions Derivative • Apr 13
Chairman exercised options to buy CA$2.8m worth of stock. On the 9th of April, James H. Riddell exercised options to buy 100k shares at a strike price of around CA$28.01, costing a total of CA$2.8m. This transaction amounted to 50% of their direct individual holding at the time of the trade. Since June 2025, James H. has owned 201.48k shares directly. Company insiders have collectively bought CA$3.6m more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Apr 05
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th April 2026 Payment date: 30th April 2026 Dividend yield will be 2.1%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 82% over the next 3 years. However, it would need to fall by 91% to increase the payout ratio to a potentially unsustainable range. Announcement • Apr 01
Paramount Resources Ltd. Announces April Month Dividend, Payable on April 30, 2026 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on April 30, 2026 to shareholders of record on April 15, 2026. The dividend will be designated as an eligible dividend for Canadian income tax purposes. Recent Insider Transactions • Mar 10
Insider recently sold CA$1.8m worth of stock On the 9th of March, Rodrigo Sousa sold around 60k shares on-market at roughly CA$30.07 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$3.5m more than they bought in the last 12 months. Declared Dividend • Mar 05
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 16th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.0%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 82% over the next 3 years. However, it would need to fall by 91% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Mar 04
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CA$8.96 (up from CA$2.30 in FY 2024). Revenue: CA$965.7m (down 48% from FY 2024). Net income: CA$1.29b (up 284% from FY 2024). Revenue exceeded analyst estimates by 42%. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 04
Paramount Resources Ltd., Annual General Meeting, May 12, 2026 Paramount Resources Ltd., Annual General Meeting, May 12, 2026. Location: doulton room, bankers hall conference centre, suite 400, 315 - 8th avenue s.w., alberta, calgary Canada Announcement • Mar 03
Paramount Resources Ltd. Provides Earnings Guidance for the First Half, Third Quarter,Fourth Quarter and Full Year of 2026 Paramount Resources Ltd. provided earnings guidance for the first half, third quarter, fourth quarter and full year of 2026. First half 2026 sales volumes are now expected to average between 39,000 Boe/d and 44,000 Boe/d (47% liquids), a 2,000 Boe/d increase from prior guidance. The increase reflects higher assumed reliability of the Alhambra Plant based on performance to date as well as stronger well productivity.
For the Second quarter sales volumes continue to be expected to be lower than first quarter volumes due to the timing of new well production, as well as a planned one-week outage at the Alhambra Plant in the second quarter to accommodate the expansion of the facility.
For the Third quarter 2026 average sales volumes are expected to be between 46,500 Boe/d and 51,500 Boe/d (51% liquids) as the second phase of the Alhambra Plant comes onstream. A one-month outage at the Leafland Plant is planned starting in July as the interconnection to the Alhambra Plant is put into service.
For the Fourth quarter 2026 average sales volumes are expected to be between 59,000 Boe/d and 64,000 Boe/d (53% liquids).
For the year 2026, The Company is increasing annual sales volumes guidance by 1,000 Boe/d to between 46,000 Boe/d and 51,000 Boe/d (50% liquids). Declared Dividend • Feb 04
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 13th February 2026 Payment date: 27th February 2026 Dividend yield will be 2.4%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 95% over the next 2 years. Since a fall of 88% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Feb 04
Paramount Resources Ltd. Announces Dividend for February, Payable on February 27, 2026 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on February 27, 2026 to shareholders of record on February 13, 2026. Declared Dividend • Jan 08
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th January 2026 Payment date: 30th January 2026 Dividend yield will be 70%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to decline by 86% over the next 2 years. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range. Announcement • Jan 02
Paramount Resources Ltd. Announces Dividend for January, Payable on January 30, 2026 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on January 30, 2026 to shareholders of record on January 15, 2026. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Recent Insider Transactions Derivative • Dec 09
Insider exercised options to buy CA$306k worth of stock. On the 3rd of December, Garth W. Stotts exercised options to buy 12k shares at a strike price of around CA$25.62, costing a total of CA$307k. This transaction amounted to 16% of their direct individual holding at the time of the trade. Since December 2024, Garth W.'s direct individual holding has increased from 46.70k shares to 86.50k. Company insiders have collectively bought CA$11m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Dec 05
Insider exercised options to buy CA$317k worth of stock. On the 3rd of December, Garth W. Stotts exercised options to buy 12k shares at a strike price of around CA$25.62, costing a total of CA$307k. This transaction amounted to 16% of their direct individual holding at the time of the trade. Since December 2024, Garth W.'s direct individual holding has increased from 46.70k shares to 86.50k. Company insiders have collectively bought CA$11m more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Dec 03
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th December 2025 Payment date: 31st December 2025 Dividend yield will be 61%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 50% per year over the past 4 years and payments have been stable during that time. EPS is expected to decline by 85% over the next 2 years. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range. Announcement • Dec 02
Paramount Resources Ltd. Announces Dividend for the Month of December, Payable on December 31, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on December 31, 2025 to shareholders of record on December 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Recent Insider Transactions Derivative • Dec 01
Lead Independent Director exercised options and sold CA$309k worth of stock On the 24th of November, Roderick MacLeod exercised 21k options at a strike price of around CA$1.23 and sold these shares for an average price of CA$15.93 per share. This trade did not impact their existing holding. Since March 2025, Roderick's direct individual holding has decreased from 86.13k shares to 51.34k. Company insiders have collectively bought CA$11m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Nov 26
Lead Independent Director recently sold CA$966k worth of stock On the 24th of November, Roderick MacLeod sold around 40k shares on-market at roughly CA$24.16 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$943k more than they bought in the last 12 months. New Risk • Nov 25
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$0 This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 67% per year for the foreseeable future. High level of non-cash earnings (61% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (CA$0 sold). Recent Insider Transactions Derivative • Nov 20
Insider exercised options to buy CA$717k worth of stock. On the 19th of November, Rodrigo Sousa exercised options to buy 30k shares at a strike price of around CA$11.88, costing a total of CA$356k. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. Since December 2024, Rodrigo's direct individual holding has increased from 323.50k shares to 414.12k. Company insiders have collectively bought CA$14m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 05
Third quarter 2025 earnings released: CA$0.02 loss per share (vs CA$0.65 profit in 3Q 2024) Third quarter 2025 results: CA$0.02 loss per share (down from CA$0.65 profit in 3Q 2024). Revenue: CA$187.3m (down 57% from 3Q 2024). Net loss: CA$2.30m (down 102% from profit in 3Q 2024). Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.4% to CA$22.37. The fair value is estimated to be CA$18.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to decline by 36% in 2 years. Earnings are forecast to decline by 84% in the next 2 years. Declared Dividend • Oct 05
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th October 2025 Payment date: 31st October 2025 Dividend yield will be 69%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 53% per year over the past 4 years and payments have been stable during that time. EPS is expected to decline by 94% over the next 3 years. Since a fall of 86% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Buy Or Sell Opportunity • Sep 22
Now 26% overvalued The stock has been flat over the last 90 days, currently trading at CA$21.63. The fair value is estimated to be CA$17.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to decline by 36% in 2 years. Earnings are forecast to decline by 84% in the next 2 years. Announcement • Sep 22
An undisclosed buyer agreed to acquire 9.50% stake in NuVista Energy Ltd. (TSX:NVA) from Paramount Resources Ltd. (TSX:POU) for approximately CAD 300 million. An undisclosed buyer agreed to acquire 9.50% stake in NuVista Energy Ltd. (TSX:NVA) from Paramount Resources Ltd. (TSX:POU) for approximately CAD 300 million on September 21, 2025. A cash consideration valued at CAD 16 per share will be paid by the buyer. Following the Transaction, Paramount will have direct ownership and control over 12,752,142 NuVista Shares, representing 6.55% of the outstanding NuVista Shares.
The expected completion of the transaction is October 1, 2025. Declared Dividend • Sep 04
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th September 2025 Payment date: 29th September 2025 Dividend yield will be 77%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 53% per year over the past 4 years and payments have been stable during that time. EPS is expected to decline by 94% over the next 3 years. Since a fall of 86% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Sep 04
Paramount Resources Ltd. Declares September Cash Dividend, Payable on September 29, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a September cash dividend of $0.05 per common share that will be payable on September 29, 2025 to shareholders of record on September 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Reported Earnings • Jul 31
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CA$0.03 (down from CA$0.58 in 2Q 2024). Revenue: CA$199.0m (down 57% from 2Q 2024). Net income: CA$4.20m (down 95% from 2Q 2024). Profit margin: 2.1% (down from 18% in 2Q 2024). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 68%. Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to CA$21.92. The fair value is estimated to be CA$18.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to decline by 48% in 2 years. Earnings are forecast to decline by 85% in the next 2 years. Declared Dividend • Jul 06
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th July 2025 Payment date: 31st July 2025 Dividend yield will be 75%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to decline by 96% over the next 3 years. Since a fall of 84% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. New Risk • Jun 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$1.0m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 64% per year for the foreseeable future. High level of non-cash earnings (62% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (CA$1.0m sold). Recent Insider Transactions • Jun 18
Insider recently sold CA$951k worth of stock On the 13th of June, Rodrigo Sousa sold around 44k shares on-market at roughly CA$21.85 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$565k more than they bought in the last 12 months. Buy Or Sell Opportunity • Jun 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to CA$21.99. The fair value is estimated to be CA$18.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to decline by 48% in 2 years. Earnings are forecast to decline by 83% in the next 2 years. Declared Dividend • Jun 04
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 16th June 2025 Payment date: 30th June 2025 Dividend yield will be 83%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to decline by 92% over the next 3 years. Since a fall of 84% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Jun 03
Paramount Resources Ltd. Declares June Cash Dividend, Payable on June 30, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on June 30, 2025 to shareholders of record on June 16, 2025. Announcement • May 16
Paramount Resources Ltd. Approves Appointment of Shane Fildes as Director Paramount Resources Ltd. at its AGM held on May 13, 2025 approved appointment of Shane Fildes as director of the company. Announcement • May 15
Paramount Resources Ltd. Reaffirms Production Guidance for Fourth Quarter and Full Year 2025 Paramount Resources Ltd. reaffirmed production guidance for fourth quarter and full year 2025. For the fourth quarter 2025, the company expects sales volumes of between 40,000 Boe/d and 45,000 Boe/d (52% liquids).
For the full year 2025, the company continues to expect average sales volumes between 37,500 Boe/d and 42,500 Boe/d (52% shale gas and conventional natural gas combined, 40% condensate, light and medium crude oil, tight oil and heavy crude oil combined and 8% other NGLs). Paramount anticipates sales volumes of between 28,000 Boe/d and 32,000 Boe/d (46% liquids) until the start-up of the Alhambra Plant at Willesden Green. Reported Earnings • May 14
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: CA$8.90 (up from CA$0.47 in 1Q 2024). Revenue: CA$358.6m (down 20% from 1Q 2024). Net income: CA$1.29b (up CA$1.22b from 1Q 2024). Revenue exceeded analyst estimates by 55%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is expected to decline by 27% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$18.24, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$18.15 per share. Declared Dividend • May 04
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th May 2025 Payment date: 30th May 2025 Dividend yield will be 104%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
Paramount Resources Ltd. Declares May Cash Dividend, Payable on May 30, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on May 30, 2025 to shareholders of record on May 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 25%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CA$712.8m to CA$729.5m. EPS estimate fell from CA$1.26 to CA$0.95 per share. Net income forecast to shrink 61% next year vs 12% growth forecast for Oil and Gas industry in Canada . Consensus price target of CA$22.90 unchanged from last update. Share price fell 3.1% to CA$16.37 over the past week. Recent Insider Transactions Derivative • Apr 20
Chairman exercised options to buy CA$2.4m worth of stock. On the 11th of April, James H. Riddell exercised options to buy 140k shares at a strike price of around CA$15.59, costing a total of CA$2.2m. This transaction amounted to 228% of their direct individual holding at the time of the trade. Since June 2024, James H.'s direct individual holding has increased from 21.48k shares to 201.48k. Company insiders have collectively bought CA$5.9m more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CA$15.77, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$14.47 per share. Declared Dividend • Apr 04
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 15th April 2025 Payment date: 30th April 2025 Dividend yield will be 105%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 01
Paramount Resources Ltd. Declares Cash Dividend, Payable on April 30, 2025 Paramount Resources Ltd. announce that its Board of Directors has declared a cash dividend of $0.05 per common share that will be payable on April 30, 2025 to shareholders of record on April 15, 2025. The dividend will be designated as an "eligible dividend" for Canadian income tax purposes. Recent Insider Transactions • Mar 12
Insider recently bought CA$284k worth of stock On the 7th of March, Rodrigo Sousa bought around 18k shares on-market at roughly CA$15.87 per share. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$4.1m more in shares than they bought in the last 12 months. Declared Dividend • Mar 07
Dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 17th March 2025 Payment date: 31st March 2025 Dividend yield will be 105%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 65% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 05
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CA$2.30 (down from CA$3.29 in FY 2023). Revenue: CA$1.89b (up 4.8% from FY 2023). Net income: CA$335.9m (down 29% from FY 2023). Profit margin: 18% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Mar 05
Paramount Resources Ltd., Annual General Meeting, May 13, 2025 Paramount Resources Ltd., Annual General Meeting, May 13, 2025. Location: alberta, calgary Canada New Risk • Mar 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 20% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin). Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorates as stock falls 44% After last week's 44% share price decline to CA$18.13, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total returns to shareholders of 56% over the past three years. Recent Insider Transactions Derivative • Feb 06
Chairman exercised options to buy CA$3.4m worth of stock. On the 5th of February, James H. Riddell exercised options to buy 109k shares at a strike price of around CA$5.49, costing a total of CA$600k. This transaction amounted to 178% of their direct individual holding at the time of the trade. Since March 2024, James H.'s direct individual holding has decreased from 730.39k shares to 61.48k. Company insiders have collectively bought CA$2.2m more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Feb 03
Dividend of CA$15.00 announced Shareholders will receive a dividend of CA$15.00. Ex-date: 10th February 2025 Payment date: 14th February 2025 Dividend yield will be 57%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 65% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 1.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Jan 05
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 15th January 2025 Payment date: 31st January 2025 Dividend yield will be 5.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 65% per year over the past 4 years and payments have been stable during that time. EPS is expected to decline by 35% over the next 2 years. Since a fall of 27% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Jan 02
Paramount Resources Ltd. Declares Cash Dividend for the Month of January, Payable on January 31, 2025 Paramount Resources Ltd. announced that its Board of Directors has declared a cash dividend of $0.15 per common share that will be payable on January 31, 2025 to shareholders of record on January 15, 2025. Buy Or Sell Opportunity • Dec 23
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to CA$30.98. The fair value is estimated to be CA$24.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 50% in 2 years. Earnings are forecast to decline by 30% in the next 2 years. Recent Insider Transactions Derivative • Dec 17
Chairman exercised options to buy CA$1.2m worth of stock. On the 15th of December, James H. Riddell exercised options to buy 40k shares at a strike price of around CA$30.74, costing a total of CA$1.2m. This transaction amounted to 186% of their direct individual holding at the time of the trade. Since March 2024, James H.'s direct individual holding has decreased from 730.39k shares to 21.48k. Company insiders have collectively bought CA$914k more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Dec 04
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 16th December 2024 Payment date: 31st December 2024 Dividend yield will be 5.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 96% per year over the past 3 years and payments have been stable during that time. EPS is expected to decline by 39% over the next 2 years. Since a fall of 27% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Recent Insider Transactions Derivative • Nov 19
Insider exercised options and sold CA$798k worth of stock On the 18th of November, Garth W. Stotts exercised 36k options at a strike price of around CA$3.84 and sold these shares for an average price of CA$25.71 per share. This trade did not impact their existing holding. Since December 2023, Garth W.'s direct individual holding has increased from 21.10k shares to 38.90k. Company insiders have collectively sold CA$2.2m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Nov 18
Price target increased by 7.3% to CA$39.75 Up from CA$37.06, the current price target is an average from 6 analysts. New target price is 28% above last closing price of CA$31.01. Stock is up 12% over the past year. The company is forecast to post earnings per share of CA$2.44 for next year compared to CA$3.29 last year. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 21% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Profit margins are more than 30% lower than last year (20% net profit margin). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$31.46, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$13.84 per share. Declared Dividend • Nov 10
Dividend of CA$0.15 announced Shareholders will receive a dividend of CA$0.15. Ex-date: 15th November 2024 Payment date: 29th November 2024 Dividend yield will be 6.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 96% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 63% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: CA$0.65 (vs CA$0.61 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.65 (up from CA$0.61 in 3Q 2023). Revenue: CA$470.5m (up 9.2% from 3Q 2023). Net income: CA$95.8m (up 9.9% from 3Q 2023). Profit margin: 20% (in line with 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Buy Or Sell Opportunity • Nov 04
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at CA$27.36. The fair value is estimated to be CA$22.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 117% in the next 2 years.