Paramount Resources Ltd. Declares Monthly Dividend of $0.13 (TSE:POU)

Paramount Resources Ltd. (TSE:POUGet Free Report) announced a monthly dividend on Monday, April 1st, TickerTech reports. Investors of record on Monday, April 15th will be paid a dividend of 0.125 per share on Tuesday, April 30th. This represents a $1.50 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Friday, April 12th.

Paramount Resources Stock Up 1.2 %

Shares of Paramount Resources stock traded up C$0.33 during trading on Wednesday, hitting C$28.48. 27,033 shares of the stock traded hands, compared to its average volume of 244,707. The stock has a market cap of C$4.11 billion, a P/E ratio of 8.95, a PEG ratio of 0.14 and a beta of 3.31. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.71. Paramount Resources has a twelve month low of C$24.59 and a twelve month high of C$33.80. The company has a fifty day moving average price of C$27.29 and a two-hundred day moving average price of C$28.11.

Paramount Resources (TSE:POUGet Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.95 by C($0.20). The firm had revenue of C$470.50 million for the quarter, compared to analyst estimates of C$436.00 million. Paramount Resources had a net margin of 26.13% and a return on equity of 13.67%. Equities research analysts predict that Paramount Resources will post 2.3138075 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

POU has been the topic of several recent analyst reports. Cormark downgraded Paramount Resources from a “buy” rating to a “market perform” rating and dropped their price target for the stock from C$40.00 to C$37.50 in a research report on Thursday, March 7th. Raymond James dropped their price objective on Paramount Resources from C$40.00 to C$36.00 and set an “outperform” rating for the company in a report on Friday, January 19th. ATB Capital lowered their price target on Paramount Resources from C$37.00 to C$36.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Royal Bank of Canada reduced their price target on Paramount Resources from C$33.00 to C$32.00 and set a “sector perform” rating for the company in a research report on Thursday, March 7th. Finally, Scotiabank lowered their target price on Paramount Resources from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Paramount Resources presently has an average rating of “Moderate Buy” and an average price target of C$34.20.

Read Our Latest Research Report on Paramount Resources

Insiders Place Their Bets

In other Paramount Resources news, Senior Officer Michael S. Han sold 30,040 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$28.00, for a total transaction of C$841,120.00. Corporate insiders own 45.91% of the company’s stock.

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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