Paramount Resources Ltd. (POU) To Go Ex-Dividend on December 16th

Paramount Resources Ltd. (TSE:POU) declared a monthly dividend on Monday, December 16th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.15 per share on Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date is Monday, December 16th.

Paramount Resources Stock Down 0.9 %

Paramount Resources stock traded down C$0.29 during mid-day trading on Friday, hitting C$30.50. The company had a trading volume of 553,806 shares, compared to its average volume of 313,487. Paramount Resources has a 12 month low of C$24.51 and a 12 month high of C$33.06. The company has a market capitalization of C$4.47 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. The stock’s 50 day moving average price is C$28.66 and its two-hundred day moving average price is C$29.11. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 0.83.

Wall Street Analysts Forecast Growth

POU has been the topic of several recent analyst reports. CIBC raised their price objective on shares of Paramount Resources from C$38.00 to C$39.50 in a research note on Friday, November 15th. Cibc World Mkts upgraded shares of Paramount Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Cormark upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th. Scotiabank increased their target price on Paramount Resources from C$43.00 to C$44.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group decreased their price target on Paramount Resources from C$36.00 to C$29.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Two 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. According to data from MarketBeat.com, Paramount Resources has an average rating of “Moderate Buy” and an average price target of C$37.60.

Insider Buying and Selling at Paramount Resources

In related news, Director Kimberley Elizabeth Lynch Proctor purchased 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average price of C$31.36 per share, for a total transaction of C$94,080.00. Also, Senior Officer Garth W.J. Stotts sold 12,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$31.02, for a total value of C$372,183.60. 45.36% of the stock is owned by corporate insiders.

Paramount Resources Company Profile

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.