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

Paramount Resources Ltd. (TSE:POU - Get Free Report) declared a monthly dividend on Tuesday, April 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 0.05 per share on Wednesday, April 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Tuesday, April 15th.

Paramount Resources Price Performance

Paramount Resources stock traded up C$0.55 during midday trading on Friday, reaching C$16.90. The company's stock had a trading volume of 437,986 shares, compared to its average volume of 941,059. The firm has a market capitalization of C$2.52 billion, a PE ratio of 6.92, a P/E/G ratio of 0.14 and a beta of 3.04. Paramount Resources has a fifty-two week low of C$14.33 and a fifty-two week high of C$33.06. The stock's 50 day simple moving average is C$18.35 and its 200 day simple moving average is C$25.59. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62.

Insider Buying and Selling

In other Paramount Resources news, Director Dirk Jungé acquired 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were purchased at an average price of C$14.80 per share, for a total transaction of C$29,595.90. Also, Senior Officer Rodrigo Sousa bought 5,600 shares of the firm's stock in a transaction on Friday, March 7th. The stock was bought at an average price of C$15.78 per share, with a total value of C$88,365.76. Over the last three months, insiders bought 10,600 shares of company stock worth $164,838. Corporate insiders own 45.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on POU shares. Royal Bank of Canada dropped their price objective on Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. Raymond James set a C$20.00 target price on shares of Paramount Resources and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. National Bank Financial cut Paramount Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. BMO Capital Markets dropped their target price on Paramount Resources from C$40.00 to C$25.00 in a research note on Wednesday, February 19th. Finally, CIBC decreased their price target on Paramount Resources from C$24.50 to C$22.00 in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$26.88.

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.