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

by · The Cerbat Gem

Paramount Resources Ltd. (TSE:POU – Get Free Report) declared a monthly dividend on Monday, December 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.05 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, December 15th.

Paramount Resources Price Performance

Shares of Paramount Resources stock traded up C$0.14 during trading on Friday, hitting C$25.20. 224,884 shares of the stock traded hands, compared to its average volume of 537,270. The stock has a market cap of C$3.62 billion, a price-to-earnings ratio of 2.68, a PEG ratio of 0.14 and a beta of 0.36. The company has a quick ratio of 0.68, a current ratio of 0.62 and a debt-to-equity ratio of 2.06. Paramount Resources has a 52 week low of C$14.33 and a 52 week high of C$32.83. The firm’s fifty day moving average is C$23.59 and its 200-day moving average is C$21.91.

Paramount Resources (TSE:POU – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$187.30 million for the quarter. Paramount Resources had a net margin of 18.92% and a return on equity of 10.06%. Research analysts expect that Paramount Resources will post 1.4075758 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on POU

About Paramount Resources

(Get Free Report)

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.

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