Paramount Resources (OTCMKTS:PRMRF) Reaches New 52-Week Low – Should You Sell?

Paramount Resources Ltd. (OTCMKTS:PRMRF) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $10.39 and last traded at $10.44, with a volume of 85067 shares. The stock had previously closed at $11.42.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. National Bank Financial lowered shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th.

Paramount Resources Trading Up 1.8 %

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 business has a 50 day moving average of $19.15 and a 200-day moving average of $19.90. The stock has a market cap of $1.58 billion, a PE ratio of 6.01 and a beta of 2.46.

Paramount Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.0343 dividend. The ex-dividend date was Thursday, February 20th. This represents a dividend yield of 1.84%. Paramount Resources’s dividend payout ratio is currently 23.03%.

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.