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

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of 0.05 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Paramount Resources Stock Up 1.0%

Shares of TSE:POU traded up C$0.31 during trading on Friday, hitting C$31.96. 387,268 shares of the company were exchanged, compared to its average volume of 275,755. The stock has a market capitalization of C$4.66 billion, a P/E ratio of 40.97, a PEG ratio of 0.14 and a beta of -0.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.87 and a quick ratio of 0.68. Paramount Resources has a 12-month low of C$20.14 and a 12-month high of C$33.44. The firm’s 50 day moving average price is C$30.44 and its 200-day moving average price is C$29.62.

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

Analyst Ratings Changes

Several brokerages have issued reports on POU. Scotia raised their price objective on Paramount Resources from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. ATB Cormark Capital Markets boosted their target price on Paramount Resources from C$35.00 to C$37.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada upped their target price on Paramount Resources from C$35.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Scotiabank upgraded Paramount Resources to a “hold” rating in a research note on Friday, June 26th. Finally, BMO Capital Markets lifted their price target on Paramount Resources from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to 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”.