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

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

Paramount Resources Stock Performance

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 company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.27 billion, a PE ratio of 12.45 and a beta of 2.55. The firm’s 50 day simple moving average is $21.14 and its 200 day simple moving average is $20.84.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Cormark upgraded 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.