Paramount Resources Ltd. Declares Dividend of $0.03 (OTCMKTS:PRMRF)

Posted by Joseph Casey on Feb 15th, 2025

Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) announced a dividend on Saturday, February 15th,investing.com reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.0343 per share on Friday, February 28th. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, February 20th.

Paramount Resources Trading Down 0.1 %

OTCMKTS PRMRF opened at $22.41 on Friday. Paramount Resources has a 1-year low of $18.00 and a 1-year high of $24.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $21.35 and a 200-day moving average of $20.59. The firm has a market cap of $3.31 billion, a PE ratio of 12.33 and a beta of 2.49.

Wall Street Analysts Forecast Growth

Separately, Cormark raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 15th.

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About Paramount Resources

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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.