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

Paramount Resources Ltd. (TSE:POU - Get Free Report) declared a monthly dividend on Monday, March 17th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.05 per share on Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Monday, March 17th.

Paramount Resources Price Performance

POU traded up C$0.36 during trading on Wednesday, hitting C$17.13. 512,345 shares of the company traded hands, compared to its average volume of 1,021,214. 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 company has a market cap of C$2.55 billion, a PE ratio of 7.01, a P/E/G ratio of 0.14 and a beta of 3.04. The stock's 50-day simple moving average is C$24.70 and its two-hundred day simple moving average is C$27.16. Paramount Resources has a 1 year low of C$14.33 and a 1 year high of C$33.06.

Insider Activity

In other Paramount Resources news, Director Dirk Jungé acquired 3,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of C$15.63 per share, with a total value of C$46,876.32. Also, Senior Officer Michael S. Han sold 8,320 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$30.86, for a total value of C$256,788.48. Over the last quarter, insiders have bought 8,848 shares of company stock valued at $143,148. 45.36% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on POU. Royal Bank of Canada cut their price objective on Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. Jefferies Financial Group reduced their price objective on Paramount Resources from C$35.00 to C$21.00 in a research note on Monday, February 24th. BMO Capital Markets lowered their target price on Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. CIBC reduced their price target on shares of Paramount Resources from C$39.50 to C$24.50 in a research report on Wednesday, February 19th. Finally, National Bank Financial lowered shares of Paramount Resources from a "strong-buy" rating to a "hold" rating 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$28.21.

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.