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

Key Points

• Paramount Resources Ltd. declared a dividend of $0.04 per share, with an impressive yield of 262%, for shareholders of record on October 16th, payable on October 31st.
• As of the most recent trading session, shares of Paramount Resources are up 1.7%, with a market cap of $2.36 billion and a price-to-earnings ratio of 2.35.
• In its latest earnings report, Paramount Resources missed analysts' expectations with an EPS of $0.02 against a forecast of $0.12, reporting revenue of $93.43 million versus an anticipated $131.00 million.

Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) declared a dividend on Saturday, October 4th, investing.com reports. Shareholders of record on Thursday, October 16th will be given a dividend of 0.0359 per share on Friday, October 31st. This represents a yield of 262.0%. The ex-dividend date of this dividend is Wednesday, October 15th.

Paramount Resources Stock Up 1.7%

Shares of PRMRF opened at $16.45 on Friday. The business has a 50-day simple moving average of $15.08 and a two-hundred day simple moving average of $14.20. Paramount Resources has a 52 week low of $9.89 and a 52 week high of $22.95. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 2.35 and a beta of 1.31.

Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.10). The firm had revenue of $93.43 million during the quarter, compared to analysts' expectations of $131.00 million. Paramount Resources had a return on equity of 6.89% and a net margin of 111.48%. On average, equities analysts anticipate that Paramount Resources will post 1.74 earnings per share for the current fiscal year.

About Paramount Resources

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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