Paramount Resources (OTCMKTS:PRMRF) Stock Crosses Below Fifty Day Moving Average of $21.26

Paramount Resources Ltd. (OTCMKTS:PRMRF)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.26 and traded as low as $19.00. Paramount Resources shares last traded at $19.20, with a volume of 39,992 shares trading hands.

Paramount Resources Stock Performance

The firm has a market cap of $2.81 billion, a PE ratio of 11.30 and a beta of 2.55. The company has a 50 day simple moving average of $21.26 and a two-hundred day simple moving average of $21.76.

Paramount Resources (OTCMKTS:PRMRF) last issued its earnings results on Thursday, August 1st. The company reported $0.42 EPS for the quarter. Paramount Resources had a return on equity of 9.90% and a net margin of 19.56%. The firm had revenue of $324.22 million for the quarter.

Paramount Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.1084 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 6.57%. Paramount Resources’s dividend payout ratio is currently 76.47%.

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.