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

Paramount Resources Ltd. (TSE:POU) announced a monthly dividend on Friday, July 17th, TickerTech Dividends reports. Investors of record on Friday, July 31st will be given a dividend of 0.05 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, July 17th.

Paramount Resources Stock Up 1.1%

TSE:POU opened at C$28.85 on Wednesday. Paramount Resources has a 1 year low of C$19.37 and a 1 year high of C$33.44. The company has a current ratio of 2.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The stock has a market cap of C$4.21 billion, a price-to-earnings ratio of 72.12, a PEG ratio of 0.14 and a beta of -0.24. The stock has a 50-day moving average price of C$29.65 and a two-hundred day moving average price of C$27.78.

Paramount Resources (TSE:POU) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.36 earnings per share for the quarter. Paramount Resources had a return on equity of 1.96% and a net margin of 5.90%.The business had revenue of C$276.20 million for the quarter. As a group, equities analysts expect that Paramount Resources will post 1.4075758 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on POU shares. Raymond James Financial upped their target price on shares of Paramount Resources from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. National Bank Financial lifted their price target on Paramount Resources from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada boosted their price target on Paramount Resources from C$32.00 to C$35.00 and gave the company a “sector perform” rating in a report on Wednesday, May 13th. Finally, Scotiabank raised Paramount Resources to a “hold” rating in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$32.94.

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”.