Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 3,437,500 shares, a growth of 22.2% from the September 15th total of 2,812,400 shares. Based on an average daily volume of 283,800 shares, the short-interest ratio is currently 12.1 days.
Paramount Resources Stock Performance
Shares of PRMRF stock traded down $0.88 on Tuesday, hitting $19.28. The company's stock had a trading volume of 165,990 shares, compared to its average volume of 37,505. The company has a market capitalization of $2.82 billion, a PE ratio of 11.93 and a beta of 2.54. The stock's 50 day moving average is $19.86 and its 200-day moving average is $21.55. Paramount Resources has a fifty-two week low of $18.00 and a fifty-two week high of $24.95.
Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.42 earnings per share for the quarter. The company had revenue of $324.22 million for the quarter. Paramount Resources had a return on equity of 9.90% and a net margin of 19.56%.
Paramount Resources Cuts Dividend
The company also recently announced a dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be issued a $0.111 dividend. This represents a dividend yield of 6.63%. The ex-dividend date is Tuesday, October 15th. Paramount Resources's dividend payout ratio is currently 78.24%.
About Paramount Resources
(
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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.
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