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

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Thursday, February 20th,TickerTech Dividends reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.05 per share on Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, February 20th.

Paramount Resources Stock Performance

Shares of Paramount Resources stock opened at C$31.75 on Tuesday. The stock’s fifty day simple moving average is C$30.70 and its 200 day simple moving average is C$28.86. 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 capitalization of C$4.73 billion, a PE ratio of 13.00, a PEG ratio of 0.14 and a beta of 3.04. Paramount Resources has a 12 month low of C$24.51 and a 12 month high of C$33.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on POU shares. Scotiabank raised their price target on Paramount Resources from C$44.00 to C$46.00 in a research report on Friday, January 17th. Jefferies Financial Group dropped their target price on shares of Paramount Resources from C$37.00 to C$35.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. CIBC upped their price target on shares of Paramount Resources from C$38.00 to C$39.50 in a report on Friday, November 15th. Cormark upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada boosted their price objective on shares of Paramount Resources from C$34.00 to C$37.00 in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$38.67.

Insider Buying and Selling

In other news, Senior Officer Michael S. Han sold 8,320 shares of Paramount Resources stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total value of C$256,788.48. Also, Senior Officer David Blake Reid sold 68,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$30.90, for a total transaction of C$2,101,200.00. Over the last quarter, insiders have purchased 103,248 shares of company stock worth $3,231,616. Corporate insiders own 45.36% of the company’s stock.

About Paramount Resources

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.