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

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Monday, March 17th, TickerTech Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.05 per share on Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, March 17th.

Paramount Resources Trading Up 1.5 %

Shares of POU stock opened at C$16.46 on Friday. Paramount Resources has a 1 year low of C$14.33 and a 1 year high of C$33.06. The firm’s fifty day simple moving average is C$25.31 and its 200 day simple moving average is C$27.32. The firm has a market capitalization of C$2.45 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06.

Insider Activity

In other news, Senior Officer Michael S. Han sold 8,320 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total value of C$256,788.48. Also, Director Dirk Jungé bought 3,000 shares of Paramount Resources stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of C$15.63 per share, for a total transaction of C$46,876.32. In the last quarter, insiders have bought 8,848 shares of company stock worth $143,148. Corporate insiders own 45.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Scotiabank lowered their price target on shares of Paramount Resources from C$46.00 to C$31.00 in a report on Wednesday, February 19th. National Bank Financial lowered shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. CIBC lowered their price target on shares of Paramount Resources from C$39.50 to C$24.50 in a report on Wednesday, February 19th. Finally, Cormark raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$28.21.

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.