Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $14.42 and traded as low as $10.53. Paramount Resources shares last traded at $10.63, with a volume of 84,013 shares trading hands.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. National Bank Financial downgraded shares of Paramount Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Raymond James raised Paramount Resources to a "moderate buy" rating in a research report on Monday, April 7th.
Get Our Latest Stock Analysis on PRMRF
Paramount Resources Stock Performance
The firm's 50-day moving average is $13.71 and its two-hundred day moving average is $18.31. 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 stock has a market cap of $1.65 billion, a price-to-earnings ratio of 6.46 and a beta of 1.88.
Paramount Resources Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.0349 dividend. The ex-dividend date is Tuesday, April 15th. This is a boost from Paramount Resources's previous dividend of $0.03. This represents a dividend yield of 3.98%. Paramount Resources's payout ratio is presently 24.70%.
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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