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

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

Paramount Resources Trading Up 2.7 %

Shares of OTCMKTS:PRMRF traded up $0.59 during trading on Friday, reaching $22.54. 71,690 shares of the company were exchanged, compared to its average volume of 68,260. The business's fifty day simple moving average is $21.31 and its 200-day simple moving average is $20.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.62 and a quick ratio of 0.62. Paramount Resources has a 12-month low of $18.00 and a 12-month high of $24.84. The firm has a market capitalization of $3.32 billion, a PE ratio of 12.66 and a beta of 2.49.

Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.04% and a net margin of 19.96%. The firm had revenue of $321.08 million for the quarter, compared to analysts' expectations of $337.69 million. On average, research analysts anticipate that Paramount Resources will post 1.78 EPS for the current year.

Analysts Set New Price Targets

PRMRF has been the subject of a number of research reports. Cibc World Mkts raised shares of Paramount Resources from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 17th. Cormark upgraded shares of Paramount Resources from a "hold" rating to a "moderate buy" rating in a research note on Friday, November 15th.

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.