Paramount Resources Ltd. Declares Monthly Dividend of $0.05 (TSE:POU)

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Friday, July 17th, TickerTech Dividends reports. Investors of record on Friday, July 31st will be paid a dividend of 0.05 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, July 17th.

Paramount Resources Price Performance

Shares of TSE POU opened at C$28.85 on Wednesday. The company has a market capitalization of C$4.21 billion, a PE ratio of 72.12, a P/E/G ratio of 0.14 and a beta of -0.24. The company has a quick ratio of 0.68, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. Paramount Resources has a twelve month low of C$19.37 and a twelve month high of C$33.44. The firm has a fifty day simple moving average of C$29.65 and a 200 day simple moving average of C$27.78.

Paramount Resources (TSE:POU) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.36 EPS for the quarter. Paramount Resources had a net margin of 5.90% and a return on equity of 1.96%. The business had revenue of C$276.20 million for the quarter. On average, sell-side analysts forecast that Paramount Resources will post 1.4075758 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on POU. National Bank Financial boosted their price objective on Paramount Resources from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Raymond James Financial raised their target price on Paramount Resources from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada lifted their target price on Paramount Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Finally, Scotiabank upgraded Paramount Resources to a “hold” rating in a report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$32.94.

About Paramount Resources

Paramount is an independent, publicly traded Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays. The Company’s principal properties are located in Alberta and British Columbia. Paramount’s class A common shares are listed on the Toronto Stock Exchange under the symbol “POU”.