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

Paramount Resources Ltd. (TSE:POUGet Free Report) declared a monthly dividend on Wednesday, February 14th, TickerTech reports. Stockholders of record on Thursday, February 29th will be paid a dividend of 0.125 per share on Thursday, February 29th. This represents a $1.50 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Wednesday, February 14th.

Paramount Resources Stock Down 0.1 %

Shares of Paramount Resources stock traded down C$0.03 during trading on Monday, hitting C$26.34. 8,637 shares of the stock traded hands, compared to its average volume of 201,074. The firm has a market cap of C$3.79 billion, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 0.14 and a beta of 3.32. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. Paramount Resources has a 52-week low of C$24.59 and a 52-week high of C$33.80. The stock’s fifty day simple moving average is C$25.97 and its 200 day simple moving average is C$29.23.

Insider Buying and Selling at Paramount Resources

In related news, Director Kimberley Elizabeth Lynch Proctor purchased 2,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of C$25.41 per share, with a total value of C$50,823.00. 45.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on POU shares. Scotiabank cut their target price on Paramount Resources from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, November 3rd. National Bankshares cut their target price on Paramount Resources from C$42.50 to C$40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. ATB Capital cut their target price on Paramount Resources from C$38.00 to C$37.00 in a research note on Tuesday, January 2nd. CIBC lowered their price target on Paramount Resources from C$40.00 to C$32.50 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Finally, Raymond James lowered their price target on Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$37.81.

Get Our Latest Analysis on Paramount Resources

About Paramount Resources

(Get Free Report)

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 185,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development, the Kaybob North Montney oil development and other low-decline, legacy shale gas, and conventional natural gas producing properties covering an area of 745,000 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 811,000 net acres.

Further Reading

Dividend History for Paramount Resources (TSE:POU)

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