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

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Friday, November 14th, TickerTech Dividends reports. Shareholders of record on Friday, November 28th will be given a dividend of 0.05 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th.

Paramount Resources Stock Performance

Shares of Paramount Resources stock traded down C$0.23 during trading hours on Wednesday, hitting C$23.60. 126,266 shares of the company’s stock traded hands, compared to its average volume of 567,383. The company has a fifty day simple moving average of C$22.11 and a 200-day simple moving average of C$20.82. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68. The stock has a market capitalization of C$3.39 billion, a price-to-earnings ratio of 2.51, a PEG ratio of 0.14 and a beta of 0.36. Paramount Resources has a 12-month low of C$14.33 and a 12-month high of C$32.83.

Wall Street Analyst Weigh In

POU has been the topic of a number of research reports. Raymond James Financial lifted their price target on shares of Paramount Resources from C$24.00 to C$25.00 in a report on Wednesday, November 5th. Jefferies Financial Group upped their price objective on shares of Paramount Resources from C$25.00 to C$28.00 in a report on Tuesday, October 21st. Royal Bank Of Canada increased their target price on shares of Paramount Resources from C$23.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 23rd. CIBC boosted their price target on shares of Paramount Resources from C$25.00 to C$26.00 in a research report on Wednesday, October 15th. Finally, National Bankshares lifted their price objective on shares of Paramount Resources from C$25.00 to C$27.50 and gave the company a “sector perform” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$26.93.

About Paramount Resources

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.