Paramount Resources Ltd. Announces Monthly Dividend of $0.08 (TSE:POU)

Paramount Resources Ltd. (TSE:POUGet Rating) announced a monthly dividend on Wednesday, April 13th, TickerTech reports. Shareholders of record on Friday, April 29th will be given a dividend of 0.08 per share on Friday, April 29th. This represents a $0.96 annualized dividend and a yield of 3.12%. The ex-dividend date is Wednesday, April 13th.

Paramount Resources stock opened at C$30.81 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 15.67. The company has a market capitalization of C$4.29 billion and a PE ratio of 18.41. The firm has a fifty day simple moving average of C$28.47 and a two-hundred day simple moving average of C$24.42. Paramount Resources has a twelve month low of C$9.32 and a twelve month high of C$32.65.

Paramount Resources (TSE:POUGet Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The company reported C$0.89 earnings per share for the quarter, topping the consensus estimate of C$0.52 by C$0.37. The business had revenue of C$434.30 million during the quarter. As a group, equities analysts expect that Paramount Resources will post 2.6099999 earnings per share for the current fiscal year.

In other Paramount Resources news, Senior Officer Phillip G. Tahmazian sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 12th. The shares were sold at an average price of C$26.94, for a total transaction of C$215,555.20. Following the completion of the transaction, the insider now owns 8,891 shares of the company’s stock, valued at C$239,562.66. Also, Director Robert M. Macdonald sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of C$27.01, for a total transaction of C$243,116.10. Following the transaction, the director now directly owns 600 shares of the company’s stock, valued at approximately C$16,207.74. Insiders sold 80,819 shares of company stock valued at $2,448,970 over the last 90 days.

Several brokerages have recently commented on POU. Scotiabank upped their price objective on shares of Paramount Resources from C$25.00 to C$31.00 in a research note on Tuesday, March 8th. Cormark upped their price objective on shares of Paramount Resources from C$34.00 to C$38.00 and gave the company a “buy” rating in a research note on Monday, March 21st. National Bank Financial upped their price objective on shares of Paramount Resources to C$30.00 and gave the company a “sector perform” rating in a research note on Thursday, January 6th. CIBC upped their price objective on shares of Paramount Resources from C$30.00 to C$35.00 and gave the company a “neutral” rating in a research note on Friday, March 4th. Finally, National Bankshares upped their price objective on shares of Paramount Resources from C$28.00 to C$30.00 in a research note on Thursday, January 6th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$31.17.

About Paramount Resources (Get Rating)

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company's principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. It also invests in public and private corporations.

See Also

Dividend History for Paramount Resources (TSE:POU)

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