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

Paramount Resources Ltd. (OTCMKTS:PRMRF) announced a dividend on Saturday, December 14th,investing.com reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.1071 per share on Tuesday, December 31st. This represents a dividend yield of 6.01%. The ex-dividend date is Monday, December 16th.

Paramount Resources Price Performance

PRMRF stock traded down $0.24 during midday trading on Friday, hitting $21.40. 14,285 shares of the stock were exchanged, compared to its average volume of 40,812. 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 stock has a market cap of $3.15 billion, a price-to-earnings ratio of 12.02 and a beta of 2.55. Paramount Resources has a fifty-two week low of $18.00 and a fifty-two week high of $24.84. The stock’s 50-day moving average price is $20.62 and its 200-day moving average price is $21.02.

Analyst Upgrades and Downgrades

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

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.