Paramount Resources Ltd. Announces Monthly Dividend of $0.05 (TSE:POU)

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Thursday, May 15th, TickerTech Dividends reports. Investors of record on Friday, May 30th will be given a dividend of 0.05 per share on Friday, May 30th. This represents a $0.60 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, May 15th.

Paramount Resources Price Performance

Shares of POU stock traded up C$0.52 during trading on Tuesday, hitting C$17.63. The company had a trading volume of 44,938 shares, compared to its average volume of 853,320. Paramount Resources has a 52 week low of C$14.33 and a 52 week high of C$33.06. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06. The stock’s 50-day moving average is C$16.60 and its two-hundred day moving average is C$24.30. The stock has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04.

Insider Activity

In related news, Director Dirk Jungé purchased 3,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of C$15.63 per share, with a total value of C$46,876.32. Also, Senior Officer Rodrigo Sousa purchased 5,600 shares of the company’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of C$15.78 per share, for a total transaction of C$88,365.76. Over the last quarter, insiders have acquired 10,600 shares of company stock worth $164,838. 45.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on POU shares. National Bank Financial cut shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. BMO Capital Markets lowered their price objective on shares of Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. Jefferies Financial Group lowered their price objective on shares of Paramount Resources from C$35.00 to C$21.00 in a research note on Monday, February 24th. CIBC cut their price objective on shares of Paramount Resources from C$24.50 to C$22.00 in a report on Thursday, April 10th. Finally, Scotiabank dropped their target price on Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$23.00.

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.