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

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.05 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, June 15th.

Paramount Resources Stock Performance

POU traded down C$0.30 during trading on Friday, reaching C$29.48. The company’s stock had a trading volume of 278,012 shares, compared to its average volume of 295,534. Paramount Resources has a 52-week low of C$19.37 and a 52-week high of C$33.44. The company’s fifty day moving average price is C$29.78 and its 200-day moving average price is C$27.23. The company has a market capitalization of C$4.29 billion, a price-to-earnings ratio of 73.70, a price-to-earnings-growth ratio of 0.14 and a beta of -0.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 2.57.

Paramount Resources (TSE:POU) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$276.20 million for the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%. On average, equities analysts forecast that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Insider Transactions at Paramount Resources

In related news, Director Dirk Jungé sold 8,850 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$30.97, for a total value of C$274,084.50. Following the sale, the director owned 57,915 shares of the company’s stock, valued at approximately C$1,793,627.55. This represents a 13.26% decrease in their position. Also, insider Joerg Wittenberg sold 3,900 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of C$33.28, for a total value of C$129,792.00. Following the completion of the sale, the insider directly owned 54,321 shares in the company, valued at approximately C$1,807,802.88. The trade was a 6.70% decrease in their position. In the last quarter, insiders have bought 9,688 shares of company stock worth $295,917 and have sold 60,750 shares worth $1,879,317. Corporate insiders own 45.36% of the company’s stock.

About Paramount Resources

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”.