Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.45 and traded as low as $19.77. Paramount Resources shares last traded at $19.79, with a volume of 391,136 shares changing hands.
Analyst Ratings Changes
Several equities research analysts recently weighed in on PRMRF shares. Cibc World Mkts upgraded Paramount Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 17th. Cormark upgraded shares of Paramount Resources from a "hold" rating to a "moderate buy" rating in a research note on Friday, November 15th.
Check Out Our Latest Report on Paramount Resources
Paramount Resources Price Performance
The firm has a market cap of $3.06 billion, a P/E ratio of 11.66 and a beta of 2.50. The stock's 50-day moving average is $21.35 and its 200-day moving average is $20.55. 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 (OTCMKTS:PRMRF - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.19). Paramount Resources had a return on equity of 10.04% and a net margin of 19.96%. The company had revenue of $321.08 million for the quarter, compared to the consensus estimate of $337.69 million. As a group, equities analysts anticipate that Paramount Resources Ltd. will post 1.78 EPS for the current fiscal year.
Paramount Resources Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, February 11th will be given a $2.0818 dividend. This is a boost from Paramount Resources's previous dividend of $0.10. This represents a yield of 126.23%. The ex-dividend date of this dividend is Monday, February 10th. Paramount Resources's dividend payout ratio (DPR) is 70.23%.
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.
Further Reading
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