Paramount Resources Ltd. (TSE:POU) Announces $0.15 Monthly Dividend

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.15 per share on Friday, January 31st. This represents a $1.80 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date is Wednesday, January 15th.

Paramount Resources Stock Performance

Shares of POU opened at C$31.59 on Monday. Paramount Resources has a 12 month low of C$24.51 and a 12 month high of C$33.06. The stock has a fifty day moving average price of C$30.28 and a 200-day moving average price of C$28.96. 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 firm has a market cap of C$4.63 billion, a PE ratio of 13.39, a P/E/G ratio of 0.14 and a beta of 3.04.

Analyst Ratings Changes

Several analysts have recently commented on POU shares. CIBC increased their price objective on Paramount Resources from C$38.00 to C$39.50 in a report on Friday, November 15th. Scotiabank increased their price objective on Paramount Resources from C$43.00 to C$44.00 in a report on Friday, November 15th. Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. Jefferies Financial Group decreased their price objective on Paramount Resources from C$37.00 to C$35.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada increased their price objective on Paramount Resources from C$34.00 to C$37.00 in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$38.20.

Insider Buying and Selling

In other Paramount Resources news, Senior Officer Michael S. Han sold 8,320 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$30.86, for a total transaction of C$256,788.48. Also, insider Brenda Gail Riddell purchased 100,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of C$31.30 per share, for a total transaction of C$3,129,630.00. In the last 90 days, insiders bought 103,248 shares of company stock worth $3,231,616 and sold 88,320 shares worth $2,730,172. 45.36% of the stock is currently owned by company 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.