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

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

Paramount Resources Trading Down 0.6 %

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

Insiders Place Their Bets

In other news, Senior Officer Michael S. Han sold 8,320 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$30.86, for a total value of C$256,788.48. Also, insider Brenda Gail Riddell acquired 100,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were bought at an average cost of C$31.30 per share, with a total value of C$3,129,630.00. In the last quarter, insiders acquired 103,248 shares of company stock valued at $3,231,616 and sold 88,320 shares valued at $2,730,172. Corporate insiders own 45.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Paramount Resources from C$34.00 to C$37.00 in a research note on Friday, November 15th. Cormark upgraded 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 report on Friday, November 15th. Cibc World Mkts upgraded Paramount Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Scotiabank increased their price objective on Paramount Resources from C$43.00 to C$44.00 in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.