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

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Friday, May 15th, TickerTech Dividends reports. Stockholders of record on Friday, May 29th will be given a dividend of 0.05 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, May 15th.

Paramount Resources Stock Performance

Shares of TSE:POU traded down C$0.41 during mid-day trading on Wednesday, reaching C$30.48. 91,552 shares of the company traded hands, compared to its average volume of 297,976. The company’s 50 day moving average price is C$28.97 and its 200-day moving average price is C$25.97. The firm has a market cap of C$4.42 billion, a PE ratio of 3.47, a PEG ratio of 0.14 and a beta of -0.03. Paramount Resources has a 52 week low of C$18.10 and a 52 week high of C$31.42. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.77 and a quick ratio of 0.68.

Paramount Resources (TSE:POU) last released its earnings results on Tuesday, May 12th. The company reported C$0.36 EPS for the quarter. The company had revenue of C$276.20 million for the quarter. Paramount Resources had a net margin of 129.11% and a return on equity of 48.07%. On average, equities analysts expect that Paramount Resources will post 1.4075758 EPS for the current fiscal year.

Insider Buying and Selling at Paramount Resources

In other news, insider John B. Williams sold 6,800 shares of Paramount Resources stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$30.45, for a total value of C$207,060.00. Following the sale, the insider directly owned 171,285 shares of the company’s stock, valued at approximately C$5,215,628.25. The trade was a 3.82% decrease in their ownership of the stock. Insiders sold a total of 18,000 shares of company stock worth $546,140 in the last ninety days. Company 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”.