Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $15.74, but opened at $15.00. Paramount Resources shares last traded at $15.80, with a volume of 1,219 shares.
Analyst Ratings Changes
PRMRF has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Paramount Resources in a report on Wednesday, May 14th. Raymond James Financial raised shares of Paramount Resources to a "moderate buy" rating in a research note on Monday, April 7th. Two analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy".
View Our Latest Analysis on PRMRF
Paramount Resources Stock Performance
The stock has a market capitalization of $2.26 billion, a P/E ratio of 2.12 and a beta of 1.60. The stock has a 50-day moving average price of $15.20 and a two-hundred day moving average price of $15.02.
Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.20 earnings per share 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 during the quarter, compared to the consensus estimate of $198.00 million. Equities analysts anticipate that Paramount Resources Ltd. will post 1.74 earnings per share for the current fiscal year.
Paramount Resources Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be issued a $0.0367 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a yield of 2.87%. Paramount Resources's dividend payout ratio (DPR) 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.
Further Reading
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