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. Shareholders 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 yield of 2.1%. The ex-dividend date is Friday, July 17th.

Paramount Resources Price Performance

POU stock opened at C$28.85 on Wednesday. The company has a market capitalization of C$4.21 billion, a P/E ratio of 72.12, a PEG ratio of 0.14 and a beta of -0.24. The company has a fifty day moving average price of C$29.65 and a 200-day moving average price of C$27.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 2.57. Paramount Resources has a 52-week low of C$19.37 and a 52-week high of C$33.44.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on POU shares. Royal Bank Of Canada raised their price target on shares of Paramount Resources from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. National Bank Financial raised their target price on Paramount Resources from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Raymond James Financial lifted their price objective on shares of Paramount Resources from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Scotiabank raised shares of 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$32.94.

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”.