Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.08 and traded as low as $11.20. Paramount Resources shares last traded at $11.55, with a volume of 146,975 shares changing hands.
Wall Street Analyst Weigh In
Separately, National Bank Financial lowered Paramount Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th.
View Our Latest Analysis on PRMRF
Paramount Resources Trading Up 1.8 %
The stock has a market capitalization of $1.69 billion, a P/E ratio of 6.44 and a beta of 2.46. The stock has a 50-day moving average price of $17.64 and a two-hundred day moving average price of $19.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.62 and a current ratio of 0.62.
Paramount Resources Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a $0.0345 dividend. This is a positive change from Paramount Resources's previous dividend of $0.03. This represents a dividend yield of 3.61%. The ex-dividend date of this dividend is Monday, March 17th. Paramount Resources's dividend payout ratio (DPR) is currently 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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