Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $16.00, but opened at $15.04. Paramount Resources shares last traded at $15.92, with a volume of 3,442 shares traded.
Wall Street Analyst Weigh In
A number of research analysts recently commented on PRMRF shares. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Paramount Resources in a research report on Wednesday, May 14th. Raymond James Financial upgraded shares of Paramount Resources to a "moderate buy" rating in a report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Paramount Resources currently has an average rating of "Moderate Buy".
Get Our Latest Stock Analysis on PRMRF
Paramount Resources Stock Performance
The stock has a fifty day moving average price of $13.73 and a 200 day moving average price of $15.77. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 2.14 and a beta of 1.59.
Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.09). Paramount Resources had a net margin of 94.21% and a return on equity of 9.08%. The company had revenue of $185.24 million for the quarter, compared to analyst estimates of $198.00 million. On average, sell-side analysts forecast that Paramount Resources Ltd. will post 1.74 EPS for the current year.
Paramount Resources Increases Dividend
The firm also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a $0.05 dividend. This represents a yield of 3.72%. The ex-dividend date is Monday, June 16th. This is a positive change from Paramount Resources's previous dividend of $0.04. Paramount Resources's payout ratio is 5.94%.
About Paramount Resources
(
Get Free Report)
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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