Paramount Resources Ltd. (OTCMKTS:PRMRF) Plans Dividend of $2.08

Paramount Resources Ltd. (OTCMKTS:PRMRFGet Free Report) announced a dividend on Monday, February 3rd,investing.com reports. Investors of record on Tuesday, February 11th will be paid a dividend of 2.0818 per share on Friday, February 14th. This represents a yield of 126.23%. The ex-dividend date is Monday, February 10th. This is an increase from Paramount Resources’s previous dividend of $0.10.

Paramount Resources Trading Up 3.2 %

OTCMKTS PRMRF opened at $20.75 on Wednesday. Paramount Resources has a 52 week low of $18.00 and a 52 week high of $24.84. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 11.12 and a beta of 2.50. The business has a 50 day moving average price of $21.35 and a 200-day moving average price of $20.55. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.01.

Paramount Resources (OTCMKTS:PRMRFGet Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.19). Paramount Resources had a net margin of 19.96% and a return on equity of 10.04%. The firm had revenue of $321.08 million during the quarter, compared to analysts’ expectations of $337.69 million. As a group, equities analysts expect that Paramount Resources will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Cibc World Mkts raised Paramount Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Cormark raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th.

Check Out Our Latest Stock Report on PRMRF

Paramount Resources Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Paramount Resources (OTCMKTS:PRMRF)

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