Paramount Resources Ltd. (TSE:POU) Shares Will Pay Monthly Dividend of $0.05

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.05 per share on Friday, October 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 15th.

Paramount Resources Price Performance

Shares of Paramount Resources stock opened at C$32.10 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.87 and a quick ratio of 0.68. Paramount Resources has a fifty-two week low of C$21.69 and a fifty-two week high of C$33.44. The firm has a fifty day moving average price of C$31.26 and a two-hundred day moving average price of C$29.96. The company has a market cap of C$4.68 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 0.14 and a beta of -0.16.

Paramount Resources (TSE:POU) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.47 earnings per share (EPS) for the quarter. Paramount Resources had a net margin of 11.19% and a return on equity of 4.30%. The company had revenue of C$317.90 million for the quarter. Analysts expect that Paramount Resources will post 1.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on POU shares. Scotiabank upgraded shares of Paramount Resources to a “hold” rating in a research note on Friday, June 26th. ATB Cormark Capital Markets boosted their price target on Paramount Resources from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Royal Bank Of Canada upped their price target on Paramount Resources from C$35.00 to C$37.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Scotia raised their price objective on Paramount Resources from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets raised their price objective on Paramount Resources from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$34.35.

Paramount Resources Company Profile

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”.