Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.54 and traded as low as $14.06. Paramount Resources shares last traded at $14.06, with a volume of 4,100 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada restated a "sector perform" rating on shares of Paramount Resources in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".
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Paramount Resources Price Performance
The business's 50 day moving average is $15.48 and its 200-day moving average is $14.06. The company has a market cap of $2.10 billion, a PE ratio of 2.09 and a beta of 1.56.
Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last issued its quarterly earnings results 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). 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 during the quarter, compared to analysts' expectations of $131.00 million. As a group, sell-side analysts predict that Paramount Resources Ltd. will post 1.74 EPS for the current fiscal year.
Paramount Resources Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a $0.0362 dividend. The ex-dividend date is Friday, August 15th. This represents a yield of 297.0%. Paramount Resources's payout ratio is currently 6.13%.
Paramount Resources Company Profile
(
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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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