Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) announced a dividend on Saturday, March 15th, investing.com reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.0345 per share on Monday, March 31st. This represents a dividend yield of 3.61%. The ex-dividend date of this dividend is Monday, March 17th. This is a 0.5% increase from Paramount Resources's previous dividend of $0.03.
Paramount Resources Stock Up 2.6 %
Paramount Resources stock traded up $0.30 during midday trading on Wednesday, reaching $11.97. The company's stock had a trading volume of 30,678 shares, compared to its average volume of 118,096. The company has a market cap of $1.71 billion, a P/E ratio of 6.72 and a beta of 2.46. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $17.21 and a 200-day simple moving average of $19.30. Paramount Resources has a fifty-two week low of $9.89 and a fifty-two week high of $24.84.
Analysts Set New Price Targets
Separately, National Bank Financial cut Paramount Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th.
Check Out Our Latest Stock Report on PRMRF
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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