Paramount Resources Ltd. (PRMRF) To Go Ex-Dividend on February 10th

Paramount Resources Ltd. (OTCMKTS:PRMRF) announced a dividend on Monday, February 3rd,investing.com reports. Investors of record on Tuesday, February 11th will be paid a dividend of 2.0818 per share on Friday, February 14th. This represents a dividend yield of 126.23%. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from Paramount Resources’s previous dividend of $0.10.

Paramount Resources Trading Up 2.7 %

Shares of PRMRF stock opened at $22.54 on Friday. Paramount Resources has a 12-month low of $18.00 and a 12-month high of $24.84. The company has a market capitalization of $3.33 billion, a PE ratio of 12.33 and a beta of 2.49. The firm has a 50 day moving average price of $21.31 and a two-hundred day moving average price of $20.56. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.01.

Paramount Resources (OTCMKTS:PRMRF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.19). Paramount Resources had a net margin of 19.96% and a return on equity of 10.04%. The firm had revenue of $321.08 million during the quarter, compared to analyst estimates of $337.69 million. As a group, analysts predict that Paramount Resources will post 1.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on PRMRF. Cibc World Mkts raised shares of Paramount Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th. Cormark upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th.

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.