Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.82 and last traded at $12.75, with a volume of 1269472 shares trading hands. The stock had previously closed at $22.41.
Analyst Ratings Changes
PRMRF has been the subject of several analyst reports. Cormark upgraded Paramount Resources from a "hold" rating to a "moderate buy" rating in a report on Friday, November 15th. National Bank Financial cut Paramount Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday.
Check Out Our Latest Stock Analysis on PRMRF
Paramount Resources Trading Down 2.9 %
The firm has a market capitalization of $1.83 billion, a PE ratio of 6.97 and a beta of 2.49. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $20.68 and a two-hundred day moving average price of $20.39.
Paramount Resources Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.0343 per share. This represents a dividend yield of 1.84%. The ex-dividend date is Thursday, February 20th. Paramount Resources's dividend payout ratio is presently 23.03%.
Paramount Resources Company Profile
(
Get Free Report)
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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