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

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.

About Paramount Resources

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.