Paramount Resources Ltd. (TSE:POU - Get Free Report) announced a monthly dividend on Thursday, May 15th, TickerTech Dividends reports. Stockholders 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 dividend yield of 3.16%. The ex-dividend date is Thursday, May 15th.
Paramount Resources Stock Up 1.3%
POU stock traded up C$0.24 during trading on Friday, hitting C$19.01. 440,428 shares of the company's stock traded hands, compared to its average volume of 857,542. The firm has a market capitalization of C$2.83 billion, a P/E ratio of 7.78, a PEG ratio of 0.14 and a beta of 3.04. Paramount Resources has a 1 year low of C$14.33 and a 1 year 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 business has a fifty day simple moving average of C$16.83 and a two-hundred day simple moving average of C$24.09.
Insider Buying and Selling at Paramount Resources
In other Paramount Resources news, Director Dirk Jungé acquired 3,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of C$15.63 per share, for a total transaction of C$46,876.32. Also, Senior Officer Rodrigo Sousa acquired 5,600 shares of the business's stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of C$15.78 per share, for a total transaction of C$88,365.76. In the last quarter, insiders have purchased 10,600 shares of company stock worth $164,838. 45.36% of the stock is owned by corporate insiders.
Analyst Ratings Changes
POU has been the topic of a number of analyst reports. National Bank Financial downgraded Paramount Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Raymond James set a C$20.00 target price on Paramount Resources and gave the company a "market perform" rating in a research note on Tuesday, April 8th. Scotiabank reduced their target price on shares of Paramount Resources from C$46.00 to C$31.00 in a report on Wednesday, February 19th. Jefferies Financial Group lowered their price target on shares of Paramount Resources from C$35.00 to C$21.00 in a report on Monday, February 24th. Finally, Royal Bank of Canada reduced their price objective on shares of Paramount Resources from C$34.00 to C$19.00 in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$23.00.
Get Our Latest Stock Analysis on Paramount Resources
About Paramount Resources
(
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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.
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