Paramount Resources (OTCMKTS:PRMRF) Sets New 52-Week Low at $18.07

Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF) reached a new 52-week low on Tuesday . The stock traded as low as $18.07 and last traded at $18.39, with a volume of 94238 shares traded. The stock had previously closed at $18.87.

Paramount Resources Price Performance

The firm has a market capitalization of $2.70 billion, a PE ratio of 11.10 and a beta of 2.55. The business’s 50 day moving average is $21.18 and its two-hundred day moving average is $21.75.

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

Paramount Resources Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.1084 dividend. This represents a dividend yield of 6.57%. The ex-dividend date of this dividend was Thursday, August 15th. Paramount Resources’s 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.