Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.54 and traded as low as $21.14. Paramount Resources shares last traded at $21.38, with a volume of 174,597 shares traded.
Wall Street Analysts Forecast Growth
PRMRF has been the topic of a number of recent analyst reports. Cibc World Mkts raised shares of Paramount Resources from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 17th. Cormark upgraded shares of Paramount Resources from a "hold" rating to a "moderate buy" rating in a research report on Friday, November 15th.
Check Out Our Latest Stock Analysis on Paramount Resources
Paramount Resources Price Performance
The company's fifty day simple moving average is $21.57 and its two-hundred day simple moving average is $20.80. The stock has a market capitalization of $3.07 billion, a PE ratio of 11.73 and a beta of 2.53. 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 Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued 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 (DPR) is presently 71.35%.
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.
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