Paramount Resources Ltd. (OTCMKTS:PRMRF) Declares Dividend of $0.04

Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) announced a dividend on Tuesday, July 8th, investing.com reports. Investors of record on Wednesday, July 16th will be given a dividend of 0.0367 per share on Thursday, July 31st. This represents a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, July 15th.

Paramount Resources Stock Down 0.2%

PRMRF stock traded down $0.03 during mid-day trading on Friday, hitting $15.80. The company had a trading volume of 8,337 shares, compared to its average volume of 21,060. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 2.13 and a beta of 1.60. Paramount Resources has a 12-month low of $9.89 and a 12-month high of $23.42. The company has a 50-day moving average price of $14.62 and a 200 day moving average price of $15.37.

Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.09). Paramount Resources had a net margin of 94.21% and a return on equity of 9.08%. The firm had revenue of $185.24 million during the quarter, compared to analysts' expectations of $198.00 million. As a group, analysts expect that Paramount Resources will post 1.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Raymond James Financial raised shares of Paramount Resources to a "moderate buy" rating in a report on Monday, April 7th. Royal Bank Of Canada restated a "sector perform" rating on shares of Paramount Resources in a research report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

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.