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

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Thursday, May 15th, TickerTech Dividends reports. Shareholders of record on Friday, May 30th will be given a dividend of 0.05 per share on Friday, May 30th. This represents a $0.60 annualized dividend and a yield of 3.39%. The ex-dividend date is Thursday, May 15th.

Paramount Resources Price Performance

Shares of POU stock traded up C$0.57 during trading hours on Tuesday, hitting C$17.68. The company had a trading volume of 29,303 shares, compared to its average volume of 853,320. The firm’s fifty day moving average is C$16.60 and its 200 day moving average is C$24.30. Paramount Resources has a 12 month low of C$14.33 and a 12 month high of C$33.06. The firm has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.14 and a beta of 3.04. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62.

Insider Transactions at Paramount Resources

In related news, Senior Officer Rodrigo Sousa bought 5,600 shares of the business’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of C$15.78 per share, for a total transaction of C$88,365.76. Also, Director Dirk Jungé bought 2,000 shares of the business’s stock in a transaction on Wednesday, April 9th. The stock was bought at an average price of C$14.80 per share, for a total transaction of C$29,595.90. In the last three months, insiders have purchased 10,600 shares of company stock valued at $164,838. 45.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on POU shares. Jefferies Financial Group decreased their price objective on shares of Paramount Resources from C$35.00 to C$21.00 in a research note on Monday, February 24th. BMO Capital Markets reduced their price target on Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Royal Bank of Canada reduced their price target on shares of Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. Scotiabank reduced their target price on Paramount Resources from C$46.00 to C$31.00 in a report on Wednesday, February 19th. Finally, Raymond James set a C$20.00 price target on Paramount Resources and gave the company a “market perform” rating in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Paramount Resources has a consensus rating of “Buy” and a consensus target price of C$23.00.

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.