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

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.15 per share on Friday, January 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Wednesday, January 15th.

Paramount Resources Stock Performance

POU stock opened at C$31.59 on Monday. The company has a market cap of C$4.63 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. Paramount Resources has a 1 year low of C$24.51 and a 1 year high of C$33.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.75 and a quick ratio of 0.68. The stock’s fifty day moving average price is C$30.28 and its 200-day moving average price is C$28.96.

Insider Activity

In related news, Senior Officer Michael S. Han sold 8,320 shares of the stock in a transaction that occurred on 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 Kimberley Elizabeth Lynch Proctor acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of C$31.36 per share, for a total transaction of C$94,080.00. Over the last 90 days, insiders have acquired 103,248 shares of company stock valued at $3,231,616 and have sold 88,320 shares valued at $2,730,172. Insiders own 45.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Scotiabank raised their price objective on shares of Paramount Resources from C$43.00 to C$44.00 in a research report on Friday, November 15th. Jefferies Financial Group cut their price target on Paramount Resources from C$37.00 to C$35.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. CIBC boosted their price objective on Paramount Resources from C$38.00 to C$39.50 in a research report on Friday, November 15th. Finally, Royal Bank of Canada boosted their price objective on Paramount Resources from C$34.00 to C$37.00 in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$38.20.

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.