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

Paramount Resources Ltd. (TSE:POUGet Free Report) declared a monthly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be paid a dividend of 0.05 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, September 15th.

Paramount Resources Trading Up 1.0%

Shares of POU stock traded up C$0.31 during mid-day trading on Friday, hitting C$31.96. 387,268 shares of the company’s stock were exchanged, compared to its average volume of 275,755. Paramount Resources has a fifty-two week low of C$20.14 and a fifty-two week high of C$33.44. The stock has a 50-day simple moving average of C$30.44 and a two-hundred day simple moving average of C$29.62. The company has a quick ratio of 0.68, a current ratio of 1.87 and a debt-to-equity ratio of 0.90. The stock has a market cap of C$4.66 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 0.14 and a beta of -0.26.

Paramount Resources (TSE:POUGet Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.47 EPS for the quarter. The firm had revenue of C$317.90 million during the quarter. Paramount Resources had a return on equity of 4.30% and a net margin of 11.19%. Equities analysts expect that Paramount Resources will post 1.4075758 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on POU shares. ATB Cormark Capital Markets raised their target price on shares of Paramount Resources from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Scotiabank upgraded shares of Paramount Resources to a “hold” rating in a report on Friday, June 26th. Royal Bank Of Canada boosted their price objective on shares of Paramount Resources from C$35.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Scotia boosted their price target on Paramount Resources from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets raised their price objective on Paramount Resources from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Paramount Resources has a consensus rating of “Moderate Buy” and an average target price of C$34.35.

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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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