Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) announced a dividend on Wednesday, April 9th, investing.com reports. Shareholders of record on Wednesday, April 16th will be paid a dividend of 0.0349 per share on Wednesday, April 30th. This represents a yield of 3.98%. The ex-dividend date of this dividend is Tuesday, April 15th. This is a 1.2% increase from Paramount Resources's previous dividend of $0.03.
Paramount Resources Stock Up 3.7 %
Shares of PRMRF stock traded up $0.41 during trading on Monday, hitting $11.49. 30,966 shares of the company were exchanged, compared to its average volume of 103,689. The business's 50-day simple moving average is $13.71 and its 200 day simple moving average is $18.31. Paramount Resources has a twelve month low of $9.89 and a twelve month high of $24.84. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 6.46 and a beta of 1.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.62 and a current ratio of 0.62.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Raymond James raised shares of Paramount Resources to a "moderate buy" rating in a research report on Monday, April 7th. National Bank Financial lowered Paramount Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th.
Read Our Latest Report on PRMRF
Paramount Resources Company Profile
(
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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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