Paramount Resources Ltd. (POU) To Go Ex-Dividend on April 15th

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Tuesday, April 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 0.05 per share on Wednesday, April 30th. This represents a $0.60 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Tuesday, April 15th.

Paramount Resources Price Performance

Shares of Paramount Resources stock opened at C$15.94 on Friday. Paramount Resources has a 52 week low of C$14.33 and a 52 week high of C$33.06. 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 stock has a market cap of C$2.37 billion, a PE ratio of 6.53, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. The company’s 50-day moving average price is C$19.58 and its two-hundred day moving average price is C$25.85.

Insider Buying and Selling

In other news, Director Dirk Jungé bought 2,000 shares of the company’s stock in a transaction on Wednesday, April 9th. The shares were bought at an average cost of C$14.80 per share, with a total value of C$29,595.90. Also, Senior Officer Rodrigo Sousa purchased 5,600 shares of Paramount Resources stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of C$15.78 per share, with a total value of C$88,365.76. In the last ninety days, insiders acquired 10,600 shares of company stock valued at $164,838. Corporate insiders own 45.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Jefferies Financial Group dropped their target price on shares of Paramount Resources from C$35.00 to C$21.00 in a report on Monday, February 24th. CIBC cut their price objective on Paramount Resources from C$24.50 to C$22.00 in a research report on Thursday. Raymond James set a C$20.00 target price on Paramount Resources and gave the stock a “market perform” rating in a report on Tuesday, April 8th. National Bank Financial downgraded Paramount Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada decreased their price target on Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Paramount Resources currently has a consensus rating of “Moderate Buy” and an average target price of C$26.88.

Paramount Resources Company Profile

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.