BMO Capital Markets restated their outperform rating on shares of Paramount Resources (OTCMKTS:PRMRF - Free Report) in a report released on Tuesday morning, Benzinga reports. BMO Capital Markets currently has a $37.00 target price on the stock.
Paramount Resources Price Performance
Paramount Resources stock traded up $0.39 during midday trading on Tuesday, reaching $21.50. The stock had a trading volume of 32,004 shares, compared to its average volume of 38,830. The firm's fifty day simple moving average is $20.28 and its two-hundred day simple moving average is $20.66. Paramount Resources has a twelve month low of $18.19 and a twelve month high of $25.10. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 9.02 and a beta of 2.66.
Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.55 EPS for the quarter. The firm had revenue of $345.63 million during the quarter. Paramount Resources had a net margin of 25.95% and a return on equity of 10.96%.
Paramount Resources Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.0924 dividend. This represents a dividend yield of 5.28%. The ex-dividend date is Friday, April 12th. This is a positive change from Paramount Resources's previous dividend of $0.09. Paramount Resources's payout ratio is presently 31.62%.
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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