Paramount Resources Ltd. to Issue Dividend of $0.10 (OTCMKTS:PRMRF)

Paramount Resources Ltd. (OTCMKTS:PRMRF) announced a dividend on Saturday, January 4th,investing.com reports. Stockholders of record on Thursday, January 16th will be given a dividend of 0.1043 per share on Friday, January 31st. This represents a dividend yield of 5.65%. The ex-dividend date of this dividend is Wednesday, January 15th.

Paramount Resources Stock Performance

Shares of Paramount Resources stock opened at $22.16 on Friday. Paramount Resources has a 1 year low of $18.00 and a 1 year high of $24.84. The firm’s 50-day moving average is $21.14 and its 200 day moving average is $20.84. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 12.45 and a beta of 2.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.62 and a quick ratio of 0.62.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PRMRF shares. Cormark raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. Cibc World Mkts raised Paramount Resources from a “hold” rating to a “strong-buy” rating in a 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.