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

Paramount Resources Ltd. (TSE:POUGet Free Report) declared a monthly dividend on Monday, June 15th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.05 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, June 15th.

Paramount Resources Price Performance

Shares of TSE POU traded down C$0.30 during trading hours on Friday, reaching C$29.48. 278,012 shares of the stock traded hands, compared to its average volume of 295,534. The company has a market capitalization of C$4.29 billion, a P/E ratio of 73.70, a price-to-earnings-growth ratio of 0.14 and a beta of -0.28. The company has a quick ratio of 0.68, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. Paramount Resources has a 52-week low of C$19.37 and a 52-week high of C$33.44. The company’s 50-day simple moving average is C$29.78 and its two-hundred day simple moving average is C$27.23.

Paramount Resources (TSE:POUGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$276.20 million for the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%. Equities research analysts forecast that Paramount Resources will post 1.4075758 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on POU shares. Royal Bank Of Canada raised their price objective on Paramount Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce raised their price objective on Paramount Resources from C$25.50 to C$30.50 in a report on Wednesday, March 4th. Raymond James Financial raised their price objective on Paramount Resources from C$34.00 to C$36.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. BMO Capital Markets lifted their price target on Paramount Resources from C$24.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. Finally, National Bank Financial lifted their price target on Paramount Resources from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$32.94.

Check Out Our Latest Analysis on Paramount Resources

Paramount Resources Company Profile

(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”.

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Dividend History for Paramount Resources (TSE:POU)

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