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

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

Paramount Resources Trading Down 0.7 %

Shares of OTCMKTS PRMRF opened at $22.16 on Monday. Paramount Resources has a 52-week low of $18.00 and a 52-week high of $24.84. The firm’s 50 day moving average price is $21.14 and its 200-day moving average price is $20.83. 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 company has a market cap of $3.27 billion, a PE ratio of 12.45 and a beta of 2.53.

Analysts Set New Price Targets

PRMRF has been the topic of a number of research reports. Cibc World Mkts upgraded 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 report on Friday, November 15th.

About Paramount Resources

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.