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

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 given 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

TSE:POU traded down C$0.30 during trading hours on Friday, reaching C$29.48. The company had a trading volume of 278,012 shares, compared to its average volume of 295,534. The company has a current ratio of 2.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. Paramount Resources has a 52 week low of C$19.37 and a 52 week high of C$33.44. The firm has a market cap of C$4.29 billion, a price-to-earnings ratio of 73.70, a PEG ratio of 0.14 and a beta of -0.28. The firm’s 50 day moving average price is C$29.78 and its 200-day moving average price is C$27.23.

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

Insider Transactions at Paramount Resources

In other news, insider Joerg Wittenberg sold 3,900 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was 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 C$1,807,802.88. This represents a 6.70% decrease in their position. Also, Director Dirk Jungé sold 8,850 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 57,915 shares of the company’s stock, valued at C$1,793,627.55. This trade represents a 13.26% decrease in their ownership of the stock. Over the last three months, insiders bought 9,688 shares of company stock worth $295,917 and sold 60,750 shares worth $1,879,317. 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”.