Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) traded up 2.8% on Tuesday . The company traded as high as $14.64 and last traded at $14.61. 9,399 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 77,437 shares. The stock had previously closed at $14.21.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. National Bank Financial downgraded shares of Paramount Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Raymond James raised shares of Paramount Resources to a "moderate buy" rating in a research note on Monday, April 7th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Paramount Resources in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Paramount Resources has an average rating of "Moderate Buy".
Check Out Our Latest Stock Report on PRMRF
Paramount Resources Stock Performance
The company has a debt-to-equity ratio of 0.01, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $2.06 billion, a P/E ratio of 8.08 and a beta of 1.48. The stock's 50 day simple moving average is $12.43 and its two-hundred day simple moving average is $16.47.
Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.09). The business had revenue of $185.24 million for the quarter, compared to the consensus estimate of $198.00 million. Paramount Resources had a return on equity of 10.04% and a net margin of 19.96%. As a group, research analysts expect that Paramount Resources Ltd. will post 1.74 earnings per share for the current year.
Paramount Resources Increases Dividend
The firm also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.0362 per share. This represents a dividend yield of 3.56%. This is an increase from Paramount Resources's previous dividend of $0.03. The ex-dividend date of this dividend was Thursday, May 15th. Paramount Resources's payout ratio is 5.53%.
Paramount Resources Company Profile
(
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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