Paramount Resources Ltd. (TSE:POU - Get Free Report) declared a monthly dividend on Monday, June 16th, TickerTech Dividends reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.05 per share on Monday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Monday, June 16th.
Paramount Resources Stock Performance
POU traded up C$0.25 during trading on Tuesday, reaching C$22.68. 285,932 shares of the company were exchanged, compared to its average volume of 781,629. Paramount Resources has a 52 week low of C$14.33 and a 52 week high of C$32.83. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06. The firm has a 50 day moving average of C$17.95 and a 200 day moving average of C$22.75. The stock has a market cap of C$3.38 billion, a P/E ratio of 9.29, a PEG ratio of 0.14 and a beta of 3.04.
Insider Activity
In related news, Director Dirk Jungé bought 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The shares were acquired at an average cost of C$14.80 per share, for a total transaction of C$29,595.90. Also, Senior Officer Garth W.J. Stotts sold 5,122 shares of the company's stock in a transaction 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. 45.36% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Jefferies Financial Group reduced their price target on Paramount Resources from C$35.00 to C$21.00 in a research report on Monday, February 24th. CIBC lowered their price target on Paramount Resources from C$24.50 to C$22.00 in a report on Thursday, April 10th. Scotiabank reduced their price objective on shares of Paramount Resources from C$46.00 to C$31.00 in a report on Wednesday, February 19th. Finally, Royal Bank of Canada increased their target price on shares of Paramount Resources from C$19.00 to C$21.00 and gave the company a "sector perform" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$23.33.
Check Out Our Latest Stock Analysis on POU
About Paramount Resources
(
Get Free Report)
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.
Read More
Before you consider Paramount Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paramount Resources wasn't on the list.
While Paramount Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
