Paramount Resources Ltd. (POU) to Issue Monthly Dividend of $0.05 on May 29th

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Friday, May 15th, TickerTech Dividends reports. Shareholders of record on Friday, May 29th will be paid a dividend of 0.05 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, May 15th.

Paramount Resources Stock Performance

Shares of TSE:POU traded down C$0.42 during trading on Wednesday, hitting C$30.47. 93,081 shares of the company traded hands, compared to its average volume of 298,202. The company has a quick ratio of 0.68, a current ratio of 3.77 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average is C$28.97 and its 200-day moving average is C$25.97. The stock has a market capitalization of C$4.42 billion, a price-to-earnings ratio of 3.47, a PEG ratio of 0.14 and a beta of -0.03. Paramount Resources has a one year low of C$18.10 and a one year high of C$31.42.

Paramount Resources (TSE:POU) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$276.20 million during the quarter. Paramount Resources had a return on equity of 48.07% and a net margin of 129.11%. As a group, equities analysts predict that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Paramount Resources from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th. Jefferies Financial Group dropped their price target on shares of Paramount Resources from C$29.00 to C$28.00 in a research note on Tuesday, January 20th. National Bank Financial boosted their price objective on Paramount Resources from C$32.00 to C$32.50 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th. Roth Mkm set a C$33.00 target price on Paramount Resources and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Scotiabank increased their price target on Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Paramount Resources currently has a consensus rating of “Moderate Buy” and an average price target of C$31.22.

Paramount Resources Company Profile

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company’s principal properties are located in Alberta and British Columbia. Paramount’s class A common shares are listed on the Toronto Stock Exchange under the symbol “POU”.