Paramount Resources Ltd. (TSE:POU) Declares $0.15 Monthly Dividend

Paramount Resources Ltd. (TSE:POU - Get Free Report) announced a monthly dividend on Tuesday, October 1st, TickerTech reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.15 per share on Thursday, October 31st. This represents a $1.80 annualized dividend and a yield of 6.64%. The ex-dividend date is Tuesday, October 15th.

Paramount Resources Stock Performance

Shares of POU stock traded down C$0.05 during trading hours on Wednesday, reaching C$27.10. 355,322 shares of the company's stock were exchanged, compared to its average volume of 256,774. The company has a market cap of C$3.98 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 0.14 and a beta of 3.06. The company's 50 day moving average is C$27.42 and its two-hundred day moving average is C$29.40. Paramount Resources has a 1 year low of C$24.51 and a 1 year high of C$33.80. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.75 and a quick ratio of 0.68.

Paramount Resources (TSE:POU - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported C$0.57 earnings per share (EPS) for the quarter. The business had revenue of C$443.60 million during the quarter, compared to the consensus estimate of C$468.00 million. Paramount Resources had a return on equity of 10.03% and a net margin of 19.66%. Equities research analysts anticipate that Paramount Resources will post 1.3030303 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

POU has been the topic of a number of research reports. Jefferies Financial Group lowered their price target on Paramount Resources from C$36.00 to C$29.00 and set a "buy" rating on the stock in a report on Monday, September 16th. BMO Capital Markets upped their price target on Paramount Resources from C$38.50 to C$40.00 in a report on Wednesday, July 3rd. Scotiabank increased their target price on Paramount Resources from C$42.00 to C$43.00 in a report on Friday, July 12th. Cormark upgraded Paramount Resources to a "hold" rating in a report on Monday, September 23rd. Finally, CIBC increased their target price on Paramount Resources from C$37.00 to C$38.00 in a report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$37.25.

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.