Paramount Resources Ltd. Declares Dividend of $0.03 (OTCMKTS:PRMRF)

Paramount Resources Ltd. (OTCMKTS:PRMRF) announced a dividend on Saturday, February 15th,investing.com reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.0343 per share on Friday, February 28th. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, February 20th.

Paramount Resources Trading Down 0.1 %

Shares of OTCMKTS PRMRF opened at $22.41 on Friday. Paramount Resources has a twelve month low of $18.00 and a twelve month high of $24.84. The stock has a market capitalization of $3.31 billion, a PE ratio of 12.33 and a beta of 2.49. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $21.38 and a 200-day simple moving average of $20.60.

Analyst Upgrades and Downgrades

Separately, Cormark raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 15th.

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.