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

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

Paramount Resources Stock Down 1.0%

Shares of TSE POU traded down C$0.30 during midday trading on Wednesday, hitting C$30.59. The company’s stock had a trading volume of 57,897 shares, compared to its average volume of 298,080. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.77 and a quick ratio of 0.68. The firm has a market capitalization of C$4.43 billion, a price-to-earnings ratio of 3.48, a price-to-earnings-growth ratio of 0.14 and a beta of -0.03. The business’s fifty day simple moving average is C$28.97 and its two-hundred day simple moving average is C$25.97. Paramount Resources has a 1 year low of C$18.10 and a 1 year high of C$31.42.

Paramount Resources (TSE:POU) last announced its earnings results on Tuesday, May 12th. The company reported C$0.36 earnings per share for the quarter. The firm 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 predict that Paramount Resources will post 1.4075758 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Paramount Resources from C$26.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th. Scotiabank boosted their target price on Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Roth Mkm set a C$33.00 price target on Paramount Resources and gave the company a “buy” rating in a research report on Wednesday, March 4th. ATB Cormark Capital Markets lifted their price objective on Paramount Resources from C$28.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, March 4th. Finally, National Bank Financial boosted their price objective on Paramount Resources from C$32.00 to C$32.50 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$31.22.

Paramount Resources Company Profile

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”.