Paramount Resources Ltd. (TSE:POU - Get Free Report) announced a monthly dividend on Tuesday, July 15th, TickerTech Dividends reports. Shareholders of record on Thursday, July 31st will be paid a dividend of 0.05 per share on Thursday, July 31st. This represents a $0.60 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, July 15th.
Paramount Resources Price Performance
POU traded down C$0.11 on Wednesday, reaching C$21.34. The company had a trading volume of 327,200 shares, compared to its average volume of 724,272. The company has a fifty day moving average of C$20.45 and a 200-day moving average of C$21.48. The company has a market capitalization of C$3.18 billion, a P/E ratio of 8.74, a PEG ratio of 0.14 and a beta of 3.04. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06. Paramount Resources has a one year low of C$14.33 and a one year high of C$32.83.
Analysts Set New Price Targets
Several equities analysts recently issued reports on POU shares. CIBC decreased their price target on Paramount Resources from C$24.50 to C$22.00 in a report on Thursday, April 10th. Raymond James Financial set a C$20.00 target price on Paramount Resources and gave the company a "market perform" rating in a research report on Tuesday, April 8th. Finally, Royal Bank Of Canada lifted their target price on Paramount Resources from C$21.00 to C$23.00 and gave the company a "sector perform" rating in a research report on Monday, June 30th. Two analysts have 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 company presently has an average rating of "Moderate Buy" and an average target price of C$23.67.
Check Out Our Latest Stock Report on POU
Insiders Place Their Bets
In related news, Senior Officer Rodrigo Sousa sold 43,535 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of C$21.85, for a total transaction of C$951,239.75. Also, 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 stock was sold at an average price of C$19.16, for a total value of C$98,130.35. 45.36% of the stock is currently owned by insiders.
Paramount Resources Company Profile
(
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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.
Further Reading
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