Paramount Resources Ltd. (POU) To Go Ex-Dividend on January 15th

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 5.73%. The ex-dividend date of this dividend is Wednesday, January 15th.

Paramount Resources Stock Down 0.5 %

TSE POU traded down C$0.16 during trading hours on Monday, reaching C$31.43. 33,595 shares of the company’s stock were exchanged, compared to its average volume of 294,852. Paramount Resources has a one year low of C$24.51 and a one year high of C$33.06. 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 company’s 50-day moving average is C$30.28 and its two-hundred day moving average is C$28.96. The company has a market capitalization of C$4.61 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04.

Insider Buying and Selling

In other news, Senior Officer Michael S. Han sold 8,320 shares of the business’s 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 transaction of C$256,788.48. Also, Senior Officer David Blake Reid sold 68,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$30.90, for a total value of C$2,101,200.00. Over the last ninety days, insiders have purchased 103,248 shares of company stock valued at $3,231,616 and have sold 88,320 shares valued at $2,730,172. 45.36% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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