Paramount Resources Ltd. (TSE:POU) Plans Monthly Dividend of $0.15

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Wednesday, January 15th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.15 per share on Friday, January 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date is Wednesday, January 15th.

Paramount Resources Stock Up 0.0 %

Shares of POU traded up C$0.01 during midday trading on Monday, reaching C$31.60. 43,338 shares of the stock were exchanged, compared to its average volume of 296,400. Paramount Resources has a 52 week low of C$24.51 and a 52 week high of C$33.06. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is C$30.28 and its two-hundred day moving average is C$28.96. The company has a market capitalization of C$4.64 billion, a P/E ratio of 13.39, a PEG ratio of 0.14 and a beta of 3.04.

Analyst Upgrades and Downgrades

POU has been the topic of a number of recent research reports. Royal Bank of Canada increased their price target on Paramount Resources from C$34.00 to C$37.00 in a research report on Friday, November 15th. Cormark raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. Cibc World Mkts upgraded Paramount Resources from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group decreased their price objective on Paramount Resources from C$37.00 to C$35.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, CIBC upped their price objective on Paramount Resources from C$38.00 to C$39.50 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Paramount Resources currently has an average rating of “Moderate Buy” and an average target price of C$38.20.

Insider Buying and Selling

In other Paramount Resources news, Senior Officer Michael S. Han sold 8,320 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$30.86, for a total transaction of C$256,788.48. Also, Director Kimberley Elizabeth Lynch Proctor acquired 3,000 shares of Paramount Resources stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of C$31.36 per share, with a total value of C$94,080.00. In the last three months, insiders purchased 103,248 shares of company stock valued at $3,231,616 and sold 88,320 shares valued at $2,730,172. 45.36% of the stock is currently owned by insiders.

About Paramount Resources

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 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 249,000 net acres.