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

Paramount Resources Ltd. (TSE:POU - Get Free Report) declared a monthly dividend on Thursday, May 15th, TickerTech Dividends reports. Investors of record on Friday, May 30th will be paid a dividend of 0.05 per share on Friday, May 30th. This represents a $0.60 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, May 15th.

Paramount Resources Trading Up 1.3%

TSE POU traded up C$0.24 during mid-day trading on Friday, reaching C$19.01. 440,428 shares of the stock were exchanged, compared to its average volume of 857,542. Paramount Resources has a one year low of C$14.33 and a one year high of C$33.06. The stock has a 50 day simple moving average of C$16.77 and a 200-day simple moving average of C$24.13. The stock has a market cap of C$2.83 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.14 and a beta of 3.04. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. Royal Bank of Canada lowered their target price on shares of Paramount Resources from C$34.00 to C$19.00 in a research note on Tuesday, February 18th. Scotiabank lowered their target price on shares of Paramount Resources from C$46.00 to C$31.00 in a research note on Wednesday, February 19th. Raymond James set a C$20.00 price target on shares of Paramount Resources and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Finally, CIBC reduced their price target on shares of Paramount Resources from C$24.50 to C$22.00 in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$23.00.

Insiders Place Their Bets

In other Paramount Resources news, Senior Officer Rodrigo Sousa acquired 5,600 shares of Paramount Resources stock in a transaction dated 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. Also, Director Dirk Jungé acquired 3,000 shares of Paramount Resources stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of C$15.63 per share, with a total value of C$46,876.32. Over the last ninety days, insiders purchased 10,600 shares of company stock worth $164,838. 45.36% of the stock is currently owned by company insiders.

About Paramount Resources

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.