Paramount Resources Ltd. (TSE:POU - Get Free Report) announced a monthly dividend on Tuesday, April 15th, TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Tuesday, April 15th.
Paramount Resources Stock Up 0.1 %
Shares of TSE:POU traded up C$0.01 during midday trading on Tuesday, hitting C$16.02. 678,388 shares of the stock were exchanged, compared to its average volume of 950,646. The company has a market capitalization of C$2.39 billion, a PE ratio of 6.56, a P/E/G ratio of 0.14 and a beta of 3.04. Paramount Resources has a 52-week low of C$14.33 and a 52-week high of C$33.06. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62. The business's fifty day simple moving average is C$18.97 and its two-hundred day simple moving average is C$25.71.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. BMO Capital Markets reduced their price target on Paramount Resources from C$40.00 to C$25.00 in a report on Wednesday, February 19th. Scotiabank decreased their target price on shares of Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. Raymond James set a C$20.00 price target on shares of Paramount Resources and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. Jefferies Financial Group reduced their price objective on shares of Paramount Resources from C$35.00 to C$21.00 in a research note on Monday, February 24th. Finally, National Bank Financial downgraded shares of Paramount Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$26.88.
View Our Latest Stock Analysis on Paramount Resources
Insider Buying and Selling at Paramount Resources
In related news, Director Dirk Jungé bought 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average cost of C$14.80 per share, for a total transaction of C$29,595.90. Also, Senior Officer Rodrigo Sousa purchased 5,600 shares of the firm's stock in a transaction on Friday, March 7th. The stock was bought at an average price of C$15.78 per share, for a total transaction of C$88,365.76. Insiders bought 10,600 shares of company stock worth $164,838 over the last ninety days. Company insiders own 45.36% of the company's stock.
Paramount Resources Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Paramount Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paramount Resources wasn't on the list.
While Paramount Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
