Paramount Resources Ltd. (TSE:POU – Get Free Report) announced a monthly dividend on Wednesday, February 14th, TickerTech reports. Investors of record on Thursday, February 29th will be paid a dividend of 0.125 per share on Thursday, February 29th. This represents a $1.50 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Wednesday, February 14th.
Paramount Resources Stock Performance
Shares of Paramount Resources stock traded down C$0.03 during trading on Monday, reaching C$26.34. The company’s stock had a trading volume of 8,637 shares, compared to its average volume of 201,074. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.74. The business’s fifty day moving average price is C$25.97 and its 200-day moving average price is C$29.23. The firm has a market cap of C$3.79 billion, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 0.14 and a beta of 3.32. Paramount Resources has a one year low of C$24.59 and a one year high of C$33.80.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on POU shares. National Bankshares dropped their price objective on Paramount Resources from C$42.50 to C$40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. CIBC dropped their price objective on Paramount Resources from C$40.00 to C$32.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Scotiabank dropped their price objective on Paramount Resources from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, November 3rd. BMO Capital Markets lifted their target price on Paramount Resources from C$38.00 to C$40.00 in a research report on Monday, October 16th. Finally, ATB Capital decreased their target price on Paramount Resources from C$38.00 to C$37.00 in a research report on Tuesday, January 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$37.81.
Insider Buying and Selling at Paramount Resources
In related news, Director Kimberley Elizabeth Lynch Proctor acquired 2,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were bought at an average cost of C$25.41 per share, with a total value of C$50,823.00. Company insiders own 45.55% of the company’s stock.
Paramount Resources Company Profile
Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 185,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development, the Kaybob North Montney oil development and other low-decline, legacy shale gas, and conventional natural gas producing properties covering an area of 745,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 811,000 net acres.
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