Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $21.67 and traded as low as $20.57. Paramount Resources shares last traded at $20.57, with a volume of 16,367 shares changing hands.
Analyst Ratings Changes
A number of equities analysts recently issued reports on PRMRF shares. Cibc World Mkts upgraded shares of Paramount Resources from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 17th. Cormark upgraded Paramount Resources from a "hold" rating to a "moderate buy" rating in a research note on Friday, November 15th.
View Our Latest Report on PRMRF
Paramount Resources Trading Down 1.4 %
The firm has a 50 day moving average price of $21.63 and a two-hundred day moving average price of $20.71. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 11.39 and a beta of 2.53.
Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $321.08 million for the quarter, compared to the consensus estimate of $337.69 million. As a group, equities analysts forecast that Paramount Resources Ltd. will post 1.78 earnings per share for the current year.
Paramount Resources Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be paid a dividend of $0.1043 per share. This represents a yield of 5.65%. The ex-dividend date of this dividend is Wednesday, January 15th. Paramount Resources's dividend payout ratio is presently 70.23%.
About Paramount Resources
(
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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.
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