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

Paramount Resources Ltd. (TSE:POU - Get Free Report) announced 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 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, June 16th.

Paramount Resources Stock Up 2.5%

TSE POU traded up C$0.54 during trading hours on Friday, hitting C$21.99. The company had a trading volume of 727,808 shares, compared to its average volume of 786,794. 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 market capitalization of C$3.27 billion, a price-to-earnings ratio of 9.00, 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. The firm's 50 day moving average is C$17.81 and its 200 day moving average is C$22.92.

Insider Activity

In other Paramount Resources news, Senior Officer Garth W.J. Stotts sold 5,122 shares of the firm's stock in a transaction dated 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, Director Dirk Jungé bought 2,000 shares of the business's stock in a transaction on Wednesday, April 9th. The stock was acquired at an average cost of C$14.80 per share, for a total transaction of C$29,595.90. Insiders own 45.36% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on POU. National Bank Financial downgraded Paramount Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Scotiabank lowered their price target on Paramount Resources from C$46.00 to C$31.00 in a report on Wednesday, February 19th. BMO Capital Markets lowered their target price on Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. CIBC lowered their target price on Paramount Resources from C$24.50 to C$22.00 in a research note on Thursday, April 10th. Finally, Jefferies Financial Group lowered their target price on Paramount Resources from C$35.00 to C$21.00 in a research note on Monday, February 24th. 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$23.33.

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.