Paramount Resources Ltd. (POU) To Go Ex-Dividend on February 20th

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Thursday, February 20th,TickerTech Dividends reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.05 per share on Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, February 20th.

Paramount Resources Price Performance

Shares of TSE:POU opened at C$31.75 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06. Paramount Resources has a 1 year low of C$24.51 and a 1 year high of C$33.06. The business has a fifty day simple moving average of C$30.70 and a 200 day simple moving average of C$28.86. The firm has a market cap of C$4.73 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 0.14 and a beta of 3.04.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on POU. CIBC increased their price objective on Paramount Resources from C$38.00 to C$39.50 in a report on Friday, November 15th. Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. Scotiabank raised their target price on Paramount Resources from C$44.00 to C$46.00 in a report on Friday, January 17th. Royal Bank of Canada raised their target price on Paramount Resources from C$34.00 to C$37.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group cut their target price on Paramount Resources from C$37.00 to C$35.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Paramount Resources currently has an average rating of “Moderate Buy” and a consensus target price of C$38.67.

Insider Activity

In related news, Senior Officer David Blake Reid sold 68,000 shares of Paramount Resources stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$30.90, for a total transaction of C$2,101,200.00. Also, insider Brenda Gail Riddell bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of C$31.30 per share, for a total transaction of C$3,129,630.00. Over the last ninety days, insiders have acquired 103,248 shares of company stock valued at $3,231,616. 45.36% of the stock is owned by insiders.

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.