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

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Thursday, February 20th,TickerTech Dividends reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.05 per share on Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, February 20th.

Paramount Resources Stock Performance

POU opened at C$31.75 on Tuesday. The company’s 50 day moving average is C$30.70 and its 200 day moving average is C$28.86. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06. The company has a market cap of C$4.73 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.14 and a beta of 3.04. Paramount Resources has a 12-month low of C$24.51 and a 12-month high of C$33.06.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. CIBC boosted their price objective on shares of Paramount Resources from C$38.00 to C$39.50 in a research report on Friday, November 15th. Jefferies Financial Group reduced their price target on Paramount Resources from C$37.00 to C$35.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada lifted their price objective on Paramount Resources from C$34.00 to C$37.00 in a research report on Friday, November 15th. Cormark raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. Finally, Scotiabank lifted their price target on shares of Paramount Resources from C$44.00 to C$46.00 in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Paramount Resources currently has an average rating of “Moderate Buy” and a consensus price target of C$38.67.

Insider Transactions at Paramount Resources

In other news, Director Kimberley Elizabeth Lynch Proctor purchased 3,000 shares of the company’s 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, Senior Officer David Blake Reid sold 68,000 shares of Paramount Resources stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$30.90, for a total value of C$2,101,200.00. Over the last quarter, insiders have purchased 103,248 shares of company stock valued at $3,231,616. 45.36% 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.