Paramount Resources (PRMRF) to Release Quarterly Earnings on Thursday

Paramount Resources (OTCMKTS:PRMRF - Get Free Report) is anticipated to release its earnings data on Thursday, May 1st. Analysts expect Paramount Resources to post earnings of $0.26 per share and revenue of $198.00 million for the quarter.

Paramount Resources Stock Down 0.4 %

Shares of Paramount Resources stock traded down $0.05 during trading on Tuesday, hitting $11.69. The company's stock had a trading volume of 12,101 shares, compared to its average volume of 92,908. Paramount Resources has a 52 week low of $9.89 and a 52 week high of $24.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.62 and a current ratio of 0.62. The company has a fifty day simple moving average of $11.78 and a two-hundred day simple moving average of $17.68. The company has a market capitalization of $1.68 billion, a PE ratio of 6.56 and a beta of 1.88.

Paramount Resources Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.0349 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a dividend yield of 3.98%. This is an increase from Paramount Resources's previous dividend of $0.03. Paramount Resources's dividend payout ratio is presently 24.70%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PRMRF. National Bank Financial cut Paramount Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Raymond James upgraded shares of Paramount Resources to a "moderate buy" rating in a research note on Monday, April 7th.

Paramount Resources Company Profile

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.