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

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Investors 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 yield of 5.70%. The ex-dividend date is Wednesday, January 15th.

Paramount Resources Price Performance

TSE POU opened at C$31.59 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of C$4.63 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.14 and a beta of 3.04. The firm’s fifty day simple moving average is C$30.28 and its two-hundred day simple moving average is C$28.96. Paramount Resources has a 12-month low of C$24.51 and a 12-month high of C$33.06.

Insider Buying and Selling

In other news, Director Kimberley Elizabeth Lynch Proctor purchased 3,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of C$31.36 per share, for a total transaction of C$94,080.00. Also, insider Brenda Gail Riddell acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of C$31.30 per share, for a total transaction of C$3,129,630.00. Over the last three months, insiders acquired 103,248 shares of company stock worth $3,231,616 and sold 88,320 shares worth $2,730,172. 45.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on POU shares. Cormark raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. Cibc World Mkts upgraded Paramount Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. CIBC boosted their price target on Paramount Resources from C$38.00 to C$39.50 in a report on Friday, November 15th. Royal Bank of Canada raised their price objective on shares of Paramount Resources from C$34.00 to C$37.00 in a research note on Friday, November 15th. Finally, Scotiabank boosted their target price on shares of Paramount Resources from C$43.00 to C$44.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$38.20.

About Paramount Resources

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.