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

Paramount Resources Ltd. (TSE:POUGet Free Report) announced a monthly dividend on Monday, March 17th, TickerTech Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.05 per share on Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Monday, March 17th.

Paramount Resources Stock Up 1.5 %

Paramount Resources stock opened at C$16.46 on Friday. The stock has a market cap of C$2.45 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 0.14 and a beta of 3.04. 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’s 50-day moving average price is C$25.31 and its two-hundred day moving average price is C$27.32. Paramount Resources has a 52 week low of C$14.33 and a 52 week high of C$33.06.

Insider Buying and Selling at Paramount Resources

In other news, Senior Officer Rodrigo Sousa acquired 5,600 shares of Paramount Resources stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of C$15.78 per share, for a total transaction of C$88,365.76. Also, Director Dirk Jungé acquired 3,000 shares of Paramount Resources stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of C$15.63 per share, with a total value of C$46,876.32. Insiders acquired 8,848 shares of company stock worth $143,148 over the last ninety days. 45.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on POU. Royal Bank of Canada lowered their target price on shares of Paramount Resources from C$34.00 to C$19.00 in a research note on Tuesday, February 18th. Jefferies Financial Group dropped their target price on shares of Paramount Resources from C$35.00 to C$21.00 in a research report on Monday, February 24th. 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. BMO Capital Markets dropped their target price on shares of Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Finally, Cormark raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$28.21.

Read Our Latest Stock Report on Paramount Resources

About Paramount Resources

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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.

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Dividend History for Paramount Resources (TSE:POU)

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