Paramount Resources Ltd. (TSE:POU) Plans Monthly Dividend of $0.05

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Monday, December 15th, TickerTech Dividends reports. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.05 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, December 15th.

Paramount Resources Stock Performance

POU traded up C$0.14 during midday trading on Friday, reaching C$25.20. The company had a trading volume of 224,884 shares, compared to its average volume of 537,270. Paramount Resources has a 12-month low of C$14.33 and a 12-month high of C$32.83. The business has a 50-day moving average price of C$23.59 and a two-hundred day moving average price of C$21.91. The stock has a market cap of C$3.62 billion, a PE ratio of 2.68, a P/E/G ratio of 0.14 and a beta of 0.36. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.68 and a current ratio of 0.62.

Paramount Resources (TSE:POU) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C($0.02) EPS for the quarter. Paramount Resources had a return on equity of 10.06% and a net margin of 18.92%.The company had revenue of C$187.30 million during the quarter. On average, sell-side analysts expect that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on POU. Royal Bank Of Canada upped their price target on Paramount Resources from C$23.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 23rd. National Bankshares upped their price objective on shares of Paramount Resources from C$25.00 to C$27.50 and gave the company a “sector perform” rating in a report on Thursday, September 25th. CIBC lifted their target price on shares of Paramount Resources from C$25.00 to C$26.00 in a research note on Wednesday, October 15th. Raymond James Financial boosted their price target on shares of Paramount Resources from C$25.00 to C$27.00 in a research report on Tuesday. Finally, Jefferies Financial Group raised their price objective on shares of Paramount Resources from C$25.00 to C$28.00 in a report on Tuesday, October 21st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Paramount Resources currently has a consensus rating of “Hold” and an average price target of C$27.21.

Paramount Resources Company Profile

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount’s products are priced in a multitude of markets that span the United States and Canada.