Paramount Resources Ltd. Declares Dividend of $0.11 (OTCMKTS:PRMRF)

Paramount Resources Ltd. (OTCMKTS:PRMRF) declared a dividend on Saturday, July 6th, investing.com reports. Investors of record on Tuesday, July 16th will be given a dividend of 0.1092 per share on Wednesday, July 31st. This represents a yield of 5.62%. The ex-dividend date of this dividend is Monday, July 15th.

Paramount Resources Stock Performance

Paramount Resources stock opened at $22.95 on Friday. The stock has a market capitalization of $3.36 billion, a P/E ratio of 13.72 and a beta of 2.62. Paramount Resources has a 1 year low of $18.19 and a 1 year high of $24.95. The company’s fifty day moving average price is $23.16 and its 200 day moving average price is $21.26.

Paramount Resources (OTCMKTS:PRMRF) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 EPS for the quarter. The company had revenue of $335.51 million during the quarter. Paramount Resources had a return on equity of 9.82% and a net margin of 19.75%.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets restated an “outperform” rating and issued a $37.00 price target on shares of Paramount Resources in a research report on Tuesday, April 9th.

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.