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

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Friday, February 13th, TickerTech Dividends reports. Shareholders of record on Friday, February 27th will be given a dividend of 0.05 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, February 13th.

Paramount Resources Price Performance

Paramount Resources stock opened at C$25.31 on Friday. Paramount Resources has a 12-month low of C$14.33 and a 12-month high of C$32.05. The company has a current ratio of 0.62, a quick ratio of 0.68 and a debt-to-equity ratio of 2.06. The firm has a 50-day moving average price of C$24.42 and a 200-day moving average price of C$22.88. The firm has a market capitalization of C$3.63 billion, a PE ratio of 2.70, a price-to-earnings-growth ratio of 0.14 and a beta of 0.19.

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C($0.02) earnings per share for the quarter. Paramount Resources had a return on equity of 10.06% and a net margin of 18.92%.The firm had revenue of C$187.30 million during the quarter. As a group, equities research analysts forecast that Paramount Resources will post 1.4075758 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on POU shares. Raymond James Financial raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Thursday, January 15th. Scotiabank raised their price objective on Paramount Resources from C$29.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, Jefferies Financial Group lowered their target price on Paramount Resources from C$29.00 to C$28.00 in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Paramount Resources presently has a consensus rating of “Moderate Buy” and an average target price of C$27.21.

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”.