Paramount Resources (OTCMKTS:PRMRF) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Paramount Resources shares have crossed above their two hundred day moving average of $13.69, currently trading at $14.74.
• The company reported a net margin of 111.48% and earnings per share of $0.02, significantly missing the consensus estimate of $0.12.
• Paramount has declared a dividend of $0.0362, representing a yield of 297.0%, with a low payout ratio of 6.13%.

Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.69 and traded as high as $14.81. Paramount Resources shares last traded at $14.74, with a volume of 39,066 shares.

Paramount Resources Price Performance

The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 2.10 and a beta of 1.40. The stock has a fifty day moving average of $15.06 and a 200 day moving average of $13.76.

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

Paramount Resources Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, September 29th. Investors of record on Tuesday, September 16th will be given a dividend of $0.0364 per share. This is an increase from Paramount Resources's previous dividend of $0.04. This represents a yield of 295.0%. The ex-dividend date is Monday, September 15th. Paramount Resources's dividend payout ratio (DPR) is 6.13%.

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.