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

Paramount Resources Ltd. (OTCMKTS:PRMRF) declared a dividend on Wednesday, November 13th,investing.com reports. Investors of record on Monday, November 18th will be paid a dividend of 0.1078 per share on Friday, November 29th. This represents a yield of 6.65%. The ex-dividend date of this dividend is Friday, November 15th.

Paramount Resources Stock Performance

OTCMKTS PRMRF traded down $0.11 on Wednesday, reaching $19.45. The company’s stock had a trading volume of 30,097 shares, compared to its average volume of 43,111. Paramount Resources has a twelve month low of $18.00 and a twelve month high of $24.84. The firm’s 50 day moving average is $19.41 and its two-hundred day moving average is $21.25. The stock has a market cap of $2.86 billion, a PE ratio of 10.93 and a beta of 2.56.

Wall Street Analyst Weigh In

Separately, 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.