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

Paramount Resources Ltd. (TSE:POU - Get Free Report) declared a monthly dividend on Thursday, February 20th, TickerTech Dividends reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.05 per share on Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, February 20th.

Paramount Resources Stock Down 2.4 %

Shares of POU traded down C$0.44 during trading hours on Friday, hitting C$17.65. The company had a trading volume of 1,430,233 shares, compared to its average volume of 1,027,952. Paramount Resources has a 52-week low of C$16.60 and a 52-week high of C$33.06. The firm has a fifty day moving average price of C$29.94 and a 200-day moving average price of C$28.63. 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 stock has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 0.14 and a beta of 3.04.

Insider Activity

In related news, insider Brenda Gail Riddell acquired 100,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of C$31.30 per share, for a total transaction of C$3,129,630.00. Also, Senior Officer Michael S. Han sold 8,320 shares of the business's stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total value of C$256,788.48. Insiders own 45.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Cormark raised Paramount Resources from a "hold" rating to a "moderate buy" rating in a research report on Friday, November 15th. Jefferies Financial Group decreased their target price on Paramount Resources from C$37.00 to C$35.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Scotiabank decreased their target price on Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday. BMO Capital Markets decreased their target price on Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday. Finally, National Bank Financial lowered Paramount Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Paramount Resources currently has a consensus rating of "Moderate Buy" and an average price target of C$31.67.

Paramount Resources Company Profile

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.