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

Key Points

• Paramount Resources declared a monthly dividend of C$0.05 per share, implying a 1.9% annualized yield. Shareholders of record on August 31 will receive the payment that day, with August 17 listed as the ex-dividend date.
• Paramount reported quarterly revenue of C$317.9 million and earnings of C$0.47 per share, alongside an 11.19% net margin and 4.30% return on equity.
• Analysts raised several price targets to C$36–C$37; coverage is split between four Buy and four Hold ratings, producing a “Moderate Buy” consensus and an average target of C$34.35.

Paramount Resources Ltd. (TSE:POU - Get Free Report) declared a monthly dividend on Monday, August 17th, TickerTech Dividends reports. Shareholders of record on Monday, August 31st will be given a dividend of 0.05 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 17th.

Paramount Resources Price Performance

POU stock opened at C$31.90 on Friday. The company has a current ratio of 1.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.90. The company has a market capitalization of C$4.65 billion, a P/E ratio of 40.90, a PEG ratio of 0.14 and a beta of -0.25. The business has a 50 day simple moving average of C$29.04 and a 200-day simple moving average of C$28.73. Paramount Resources has a twelve month low of C$19.37 and a twelve month high of C$33.44.

Paramount Resources (TSE:POU - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.47 EPS for the quarter. Paramount Resources had a net margin of 11.19% and a return on equity of 4.30%. The business had revenue of C$317.90 million for the quarter. As a group, equities analysts anticipate that Paramount Resources will post 1.4075758 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on POU. BMO Capital Markets raised their price objective on shares of Paramount Resources from C$35.00 to C$37.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Scotia upped their target price on shares of Paramount Resources from C$34.00 to C$36.00 and gave the company a "sector perform" rating in a report on Friday, August 7th. Raymond James Financial increased their target price on shares of Paramount Resources from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 13th. ATB Cormark Capital Markets raised their price target on Paramount Resources from C$35.00 to C$37.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Finally, Scotiabank raised Paramount Resources to a "hold" rating in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Paramount Resources has an average rating of "Moderate Buy" and an average target price of C$34.35.

About Paramount Resources

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company's principal properties are located in Alberta and British Columbia. Paramount's class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".

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