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Paramount Resources (OTCMKTS:PRMRF) Trading Down 1.5% - Should You Sell?

Paramount Resources logo with Oils/Energy background

Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) fell 1.5% on Thursday . The stock traded as low as $21.64 and last traded at $21.64. 24,653 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 40,923 shares. The stock had previously closed at $21.97.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on Paramount Resources

Paramount Resources Stock Performance

The company has a market capitalization of $3.15 billion, a P/E ratio of 12.16 and a beta of 2.55. The business has a 50 day moving average of $20.60 and a 200 day moving average of $21.04. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.01.

Paramount Resources Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.1078 per share. This represents a yield of 6.65%. The ex-dividend date of this dividend was Friday, November 15th. Paramount Resources's payout ratio is 74.72%.

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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