Paramount Resources Ltd. (TSE:POU) to Issue $0.13 Monthly Dividend

Paramount Resources Ltd. (TSE:POU - Get Free Report) announced a monthly dividend on Monday, April 1st, TickerTech reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.125 per share on Tuesday, April 30th. This represents a $1.50 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Friday, April 12th.

Paramount Resources Stock Performance

Shares of POU stock traded up C$0.50 during trading hours on Tuesday, reaching C$28.15. 177,012 shares of the company's stock were exchanged, compared to its average volume of 248,316. The company has a market cap of C$4.06 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 0.14 and a beta of 3.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.71 and a quick ratio of 0.68. The company's 50 day moving average is C$27.29 and its two-hundred day moving average is C$28.11. Paramount Resources has a 1 year low of C$24.59 and a 1 year high of C$33.80.

Paramount Resources (TSE:POU - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$0.75 earnings per share for the quarter, missing analysts' consensus estimates of C$0.95 by C($0.20). The firm had revenue of C$470.50 million during the quarter, compared to analyst estimates of C$436.00 million. Paramount Resources had a return on equity of 13.67% and a net margin of 26.13%. Equities research analysts anticipate that Paramount Resources will post 2.3138075 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on POU shares. CIBC lowered their target price on Paramount Resources from C$32.50 to C$30.00 and set a "neutral" rating on the stock in a report on Thursday, March 7th. Jefferies Financial Group lowered their target price on Paramount Resources from C$33.00 to C$31.00 in a report on Thursday, March 7th. Stifel Nicolaus lowered their target price on Paramount Resources from C$33.50 to C$33.00 and set a "buy" rating on the stock in a report on Thursday, March 7th. Raymond James decreased their price objective on Paramount Resources from C$40.00 to C$36.00 and set an "outperform" rating on the stock in a report on Friday, January 19th. Finally, ATB Capital decreased their price objective on Paramount Resources from C$37.00 to C$36.00 and set an "outperform" rating on the stock in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$34.20.

Insider Buying and Selling at Paramount Resources

In other news, Senior Officer Michael S. Han sold 30,040 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$28.00, for a total transaction of C$841,120.00. 45.91% of the stock is currently owned by corporate insiders.

Paramount Resources Company Profile

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.