Paramount Resources Ltd. (POU) to Issue Monthly Dividend of $0.05 on March 31st

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Monday, March 17th, TickerTech Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Monday, March 17th.

Paramount Resources Trading Up 1.5 %

Shares of POU opened at C$16.46 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.62 and a quick ratio of 0.68. Paramount Resources has a 1 year low of C$14.33 and a 1 year high of C$33.06. The company has a 50 day simple moving average of C$25.31 and a two-hundred day simple moving average of C$27.32. The firm has a market cap of C$2.45 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank of Canada lowered their target price on Paramount Resources from C$34.00 to C$19.00 in a research report on Tuesday, February 18th. Scotiabank lowered their target price on Paramount Resources from C$46.00 to C$31.00 in a research report on Wednesday, February 19th. BMO Capital Markets lowered their target price on Paramount Resources from C$40.00 to C$25.00 in a research report on Wednesday, February 19th. Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. Finally, National Bank Financial downgraded 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$28.21.

Insider Activity

In other Paramount Resources news, Senior Officer Michael S. Han sold 8,320 shares of Paramount Resources stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$30.86, for a total value of C$256,788.48. Also, Director Dirk Jungé bought 3,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of C$15.63 per share, for a total transaction of C$46,876.32. Over the last 90 days, insiders have bought 8,848 shares of company stock worth $143,148. Company insiders own 45.36% of the company’s stock.

About Paramount Resources

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.