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

Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) announced a dividend on Tuesday, July 8th, investing.com reports. Stockholders 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 is Tuesday, July 15th.

Paramount Resources Stock Down 2.4%

PRMRF stock opened at $15.33 on Tuesday. The company's 50-day simple moving average is $14.28 and its 200-day simple moving average is $15.44. Paramount Resources has a 52-week low of $9.89 and a 52-week high of $23.42. The firm has a market cap of $2.20 billion, a P/E ratio of 2.07 and a beta of 1.60.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on PRMRF shares. Raymond James Financial raised shares of Paramount Resources to a "moderate buy" rating in a research note on Monday, April 7th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Paramount Resources in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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.

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