Paramount Resources Ltd. (OTCMKTS:PRMRF) Increases Dividend to $2.08 Per Share

Posted by Patrick Bannon on Feb 4th, 2025

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

Paramount Resources Stock Performance

PRMRF stock opened at $20.11 on Tuesday. The company has a market capitalization of $2.96 billion, a P/E ratio of 11.12 and a beta of 2.50. The company has a 50-day simple moving average of $21.39 and a 200 day simple moving average of $20.56. Paramount Resources has a fifty-two week low of $18.00 and a fifty-two week high of $24.84. 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 – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.19). Paramount Resources had a return on equity of 10.04% and a net margin of 19.96%. The company had revenue of $321.08 million during the quarter, compared to analyst estimates of $337.69 million. Sell-side analysts predict that Paramount Resources will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. 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 raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 15th.

Check Out Our Latest Analysis on PRMRF

Paramount Resources Company Profile

(Get Free Report)

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.