Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $15.88, but opened at $14.27. Paramount Resources shares last traded at $15.86, with a volume of 701 shares traded.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on PRMRF. Royal Bank Of Canada restated a "sector perform" rating on shares of Paramount Resources in a research report on Wednesday, May 14th. Raymond James Financial raised Paramount Resources to a "moderate buy" rating in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".
View Our Latest Stock Report on PRMRF
Paramount Resources Stock Performance
The company's fifty day moving average price is $14.12 and its 200-day moving average price is $15.58. The stock has a market cap of $2.26 billion, a P/E ratio of 2.12 and a beta of 1.60.
Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.09). Paramount Resources had a return on equity of 9.08% and a net margin of 94.21%. The firm had revenue of $185.24 million during the quarter, compared to the consensus estimate of $198.00 million. Analysts anticipate that Paramount Resources Ltd. will post 1.74 earnings per share for the current fiscal year.
Paramount Resources Increases Dividend
The firm also recently disclosed a dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, June 16th. This represents a yield of 3.72%. This is a boost from Paramount Resources's previous dividend of $0.04. Paramount Resources's payout ratio is presently 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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