Paramount Resources Ltd. (TSE:POU) to Issue $0.05 Monthly Dividend

Paramount Resources Ltd. (TSE:POU – Get Free Report) announced a monthly dividend on Friday, May 15th, TickerTech Dividends reports. Shareholders of record on Friday, May 29th will be paid a dividend of 0.05 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 15th.

Paramount Resources Stock Performance

POU stock traded down C$0.30 during midday trading on Wednesday, reaching C$30.59. 76,295 shares of the company were exchanged, compared to its average volume of 297,937. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.77 and a quick ratio of 0.68. The business has a 50-day moving average price of C$28.97 and a two-hundred day moving average price of C$25.97. Paramount Resources has a one year low of C$18.10 and a one year high of C$31.42. The firm has a market capitalization of C$4.43 billion, a price-to-earnings ratio of 3.48, a price-to-earnings-growth ratio of 0.14 and a beta of -0.03.

Get Paramount Resources alerts:

Paramount Resources (TSE:POU – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$276.20 million for the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. Equities research analysts forecast that Paramount Resources will post 1.4075758 EPS for the current year.

Insider Buying and Selling

In related news, insider John B. Williams sold 6,800 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$30.45, for a total transaction of C$207,060.00. Following the completion of the sale, the insider owned 171,285 shares of the company’s stock, valued at C$5,215,628.25. This represents a 3.82% decrease in their ownership of the stock. Insiders sold a total of 18,000 shares of company stock valued at $546,140 over the last three months. 45.36% of the stock is owned by insiders.

About Paramount Resources

(Get Free Report)

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company’s principal properties are located in Alberta and British Columbia. Paramount’s class A common shares are listed on the Toronto Stock Exchange under the symbol “POU”.

Featured Articles

• Five stocks we like better than Paramount Resources
• How Bad Could Tesla’s Cybertruck Recall Be for Shares?
• Dream Finders Homes’ Hostile Bid Creates a Dual Squeeze Play
• Why OpenAI’s IPO Plans Could Be a Massive Win for Microsoft
• A Real Biggie Deal: Wendy’s Serves Up a Juicy Buyout Arbitrage

Receive News & Ratings for Paramount Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources and related companies with MarketBeat.com's FREE daily email newsletter.