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

Key Points

• Paramount Resources Ltd. will issue a dividend of $0.04 per share on September 29th, with an ex-dividend date of September 15th, reflecting a dividend yield of 295.0%.
• The company's recent quarterly earnings report showed earnings per share of $0.02, which missed expectations, contributing to a net margin of 111.48% and a return on equity of 6.89%.
• Paramount Resources has a current market cap of $2.12 billion and has received ratings of "Moderate Buy" from analysts, indicating positive sentiment about the stock's future performance.

Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) announced a dividend on Thursday, September 11th, investing.com reports. Investors of record on Tuesday, September 16th will be given a dividend of 0.0364 per share on Monday, September 29th. This represents a dividend yield of 295.0%. The ex-dividend date of this dividend is Monday, September 15th. This is a 0.4% increase from Paramount Resources's previous dividend of $0.04.

Paramount Resources Stock Up 0.4%

Shares of OTCMKTS PRMRF opened at $14.79 on Thursday. Paramount Resources has a 52 week low of $9.89 and a 52 week high of $22.95. The business's 50 day moving average price is $15.10 and its 200 day moving average price is $13.70. The firm has a market cap of $2.12 billion, a P/E ratio of 2.11 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada restated a "sector perform" rating on shares of Paramount Resources in a research report on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently 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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