Paramount Resources Ltd. (POU) to Issue Monthly Dividend of $0.15 on December 31st

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Monday, December 16th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.15 per share on Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 5.90%. The ex-dividend date is Monday, December 16th.

Paramount Resources Stock Down 0.9 %

Paramount Resources stock traded down C$0.29 during trading hours on Friday, hitting C$30.50. 553,806 shares of the stock traded hands, compared to its average volume of 313,487. Paramount Resources has a one year low of C$24.51 and a one year high of C$33.06. The firm’s 50-day moving average price is C$28.66 and its two-hundred day moving average price is C$29.11. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The company has a market cap of C$4.47 billion, a PE ratio of 12.92, a PEG ratio of 0.14 and a beta of 3.04.

Insider Activity

In other news, Director Kimberley Elizabeth Lynch Proctor bought 3,000 shares of Paramount Resources stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average cost of C$31.36 per share, with a total value of C$94,080.00. Also, insider Brenda Gail Riddell purchased 100,000 shares of the stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of C$31.30 per share, for a total transaction of C$3,129,630.00. Insiders own 45.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on POU shares. Royal Bank of Canada increased their price target on shares of Paramount Resources from C$34.00 to C$37.00 in a research note on Friday, November 15th. Cormark upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. CIBC upped their price target on Paramount Resources from C$38.00 to C$39.50 in a research note on Friday, November 15th. Cibc World Mkts upgraded Paramount Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group cut their target price on Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Paramount Resources currently has an average rating of “Moderate Buy” and a consensus price target of C$37.60.

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.