Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) declared a dividend on Saturday, January 4th,investing.com reports. Shareholders of record on Thursday, January 16th will be given a dividend of 0.1043 per share on Friday, January 31st. This represents a yield of 5.65%. The ex-dividend date of this dividend is Wednesday, January 15th.
Paramount Resources Price Performance
PRMRF traded down $0.16 on Friday, hitting $22.16. 19,145 shares of the company were exchanged, compared to its average volume of 35,673. Paramount Resources has a fifty-two week low of $18.00 and a fifty-two week high of $24.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $3.27 billion, a P/E ratio of 12.45 and a beta of 2.55. The business's fifty day moving average is $21.14 and its 200 day moving average is $20.84.
Wall Street Analyst Weigh In
PRMRF has been the topic of several research reports. Cibc World Mkts raised Paramount Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 17th. Cormark raised shares of Paramount Resources from a "hold" rating to a "moderate buy" rating in a research note on Friday, November 15th.
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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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