Paramount Resources (OTCMKTS:PRMRF) Stock Price Crosses Below Fifty Day Moving Average - Should You Sell?

Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.08 and traded as low as $11.69. Paramount Resources shares last traded at $11.76, with a volume of 17,281 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. National Bank Financial cut Paramount Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Raymond James raised Paramount Resources to a "moderate buy" rating in a report on Monday, April 7th.

Paramount Resources Price Performance

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 capitalization of $1.69 billion, a price-to-earnings ratio of 6.61 and a beta of 1.88. The stock's 50-day simple moving average is $13.08 and its two-hundred day simple moving average is $18.17.

Paramount Resources Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.0349 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This is a positive change from Paramount Resources's previous dividend of $0.03. This represents a yield of 3.98%. Paramount Resources's dividend payout ratio (DPR) is currently 24.70%.

Paramount Resources Company Profile

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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