Paramount Resources Ltd. Plans Monthly Dividend of $0.15 (TSE:POU)

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Monday, December 16th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.15 per share on Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date is Monday, December 16th.

Paramount Resources Price Performance

TSE:POU traded down C$0.29 during trading hours on Friday, reaching C$30.50. The stock had a trading volume of 553,806 shares, compared to its average volume of 313,487. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.75. The stock has a market capitalization of C$4.47 billion, a PE ratio of 12.92, a PEG ratio of 0.14 and a beta of 3.04. Paramount Resources has a 52 week low of C$24.51 and a 52 week high of C$33.06. The company has a 50 day moving average price of C$28.66 and a two-hundred day moving average price of C$29.11.

Insider Buying and Selling at Paramount Resources

In related news, Director Kimberley Elizabeth Lynch Proctor purchased 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average price of C$31.36 per share, for a total transaction of C$94,080.00. Also, Senior Officer Garth W.J. Stotts sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$31.02, for a total value of C$372,183.60. 45.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

POU has been the subject of a number of recent research reports. CIBC lifted their price objective on shares of Paramount Resources from C$38.00 to C$39.50 in a research note on Friday, November 15th. Jefferies Financial Group decreased their price objective on Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Scotiabank boosted their target price on Paramount Resources from C$43.00 to C$44.00 in a research report on Friday, November 15th. Cibc World Mkts upgraded shares of Paramount Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada raised their target price on shares of Paramount Resources from C$34.00 to C$37.00 in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Paramount Resources currently has an average rating of “Moderate Buy” and an average price target of C$37.60.

Paramount Resources Company Profile

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.