Paramount Resources Ltd. (POU) to Issue Monthly Dividend of $0.05 on August 31st

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Monday, August 17th, TickerTech Dividends reports. Investors of record on Monday, August 31st will be paid a dividend of 0.05 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, August 17th.

Paramount Resources Price Performance

Shares of Paramount Resources stock opened at C$31.90 on Friday. The company has a current ratio of 1.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of C$4.65 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 0.14 and a beta of -0.25. Paramount Resources has a 1-year low of C$19.37 and a 1-year high of C$33.44. The firm’s 50-day moving average price is C$29.04 and its two-hundred day moving average price is C$28.73.

Paramount Resources (TSE:POU) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.47 earnings per share for the quarter. Paramount Resources had a net margin of 11.19% and a return on equity of 4.30%. The company had revenue of C$317.90 million during the quarter. On average, equities analysts predict that Paramount Resources will post 1.4075758 earnings per share for the current fiscal year.

Analysts Set New Price Targets

POU has been the topic of a number of research analyst reports. Raymond James Financial increased their price target on Paramount Resources from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. National Bank Financial lifted their price objective on Paramount Resources from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Scotiabank raised Paramount Resources to a “hold” rating in a research note on Friday, June 26th. BMO Capital Markets increased their target price on Paramount Resources from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, ATB Cormark Capital Markets raised their target price on Paramount Resources from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$34.35.

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”.