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

Paramount Resources Ltd. (TSE:POU - Get Free Report) declared a monthly dividend on Tuesday, July 15th, TickerTech Dividends reports. Stockholders of record on Thursday, July 31st will be given a dividend of 0.05 per share on Thursday, July 31st. This represents a $0.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, July 15th.

Paramount Resources Stock Down 0.3%

Paramount Resources stock opened at C$21.64 on Friday. The firm has a market capitalization of C$3.22 billion, a PE ratio of 8.86, a P/E/G ratio of 0.14 and a beta of 3.04. The company's 50-day moving average is C$20.10 and its 200-day moving average is C$21.61. Paramount Resources has a fifty-two week low of C$14.33 and a fifty-two week high of C$32.83. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68.

Insider Buying and Selling

In other Paramount Resources news, Senior Officer Garth W.J. Stotts sold 5,122 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$19.16, for a total value of C$98,130.35. Also, Senior Officer Rodrigo Sousa sold 43,535 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$21.85, for a total transaction of C$951,239.75. 45.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on POU. Raymond James Financial set a C$20.00 target price on shares of Paramount Resources and gave the stock a "market perform" rating in a report on Tuesday, April 8th. CIBC cut their price objective on shares of Paramount Resources from C$24.50 to C$22.00 in a report on Thursday, April 10th. Finally, Royal Bank Of Canada boosted their price objective on shares of Paramount Resources from C$21.00 to C$23.00 and gave the company a "sector perform" rating in a report on Monday, June 30th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Paramount Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of C$23.67.

Paramount Resources Company Profile

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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