Paramount Resources Ltd. (POU) To Go Ex-Dividend on June 17th

Paramount Resources Ltd. (TSE:POUGet Free Report) announced a monthly dividend on Monday, June 3rd, Zacks reports. Stockholders of record on Monday, June 17th will be given a dividend of 0.15 per share on Friday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Monday, June 17th.

Paramount Resources Trading Down 1.9 %

POU opened at C$30.93 on Wednesday. Paramount Resources has a twelve month low of C$24.59 and a twelve month high of C$33.80. The company has a quick ratio of 0.68, a current ratio of 0.67 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average of C$30.71 and a 200-day moving average of C$28.11. The stock has a market cap of C$4.52 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.14 and a beta of 3.19.

Paramount Resources (TSE:POUGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.46 earnings per share for the quarter, missing the consensus estimate of C$0.59 by C($0.13). The firm had revenue of C$452.30 million for the quarter, compared to analyst estimates of C$415.00 million. Paramount Resources had a return on equity of 9.92% and a net margin of 19.97%. On average, sell-side analysts predict that Paramount Resources will post 1.8292264 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Michael S. Han sold 30,040 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$28.00, for a total transaction of C$841,120.00. In other news, Senior Officer Garth W.J. Stotts sold 12,000 shares of Paramount Resources stock in a transaction dated Monday, May 27th. The shares were sold at an average price of C$32.10, for a total value of C$385,233.60. Also, Senior Officer Michael S. Han sold 30,040 shares of Paramount Resources stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$28.00, for a total transaction of C$841,120.00. Over the last 90 days, insiders sold 116,387 shares of company stock worth $3,529,648. Insiders own 45.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on POU. National Bankshares increased their target price on shares of Paramount Resources from C$37.50 to C$40.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Jefferies Financial Group dropped their price objective on shares of Paramount Resources from C$33.00 to C$31.00 in a research note on Thursday, March 7th. BMO Capital Markets raised their price objective on shares of Paramount Resources from C$37.00 to C$38.50 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Royal Bank of Canada raised their price objective on shares of Paramount Resources from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Finally, CIBC raised their price objective on shares of Paramount Resources from C$35.00 to C$37.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. 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.com, Paramount Resources presently has a consensus rating of “Moderate Buy” and an average price target of C$35.80.

Read Our Latest Analysis on Paramount Resources

About Paramount Resources

(Get Free Report)

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.

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Dividend History for Paramount Resources (TSE:POU)

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