Paramount Resources Ltd. to Issue Dividend of $0.04 (OTCMKTS:PRMRF)

Paramount Resources Ltd. (OTCMKTS:PRMRF) declared a dividend on Saturday, October 4th, investing.com reports. Shareholders of record on Thursday, October 16th will be given a dividend of 0.0359 per share on Friday, October 31st. This represents a yield of 262.0%. The ex-dividend date is Wednesday, October 15th.

Paramount Resources Price Performance

PRMRF opened at $16.45 on Friday. The company’s 50 day simple moving average is $15.08 and its two-hundred day simple moving average is $14.21. Paramount Resources has a 1-year low of $9.89 and a 1-year high of $22.95. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 2.35 and a beta of 1.31.

Paramount Resources (OTCMKTS:PRMRF) last released its earnings results on Wednesday, July 30th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). The business had revenue of $93.43 million during the quarter, compared to analysts’ expectations of $131.00 million. Paramount Resources had a return on equity of 6.89% and a net margin of 111.48%. On average, equities analysts anticipate that Paramount Resources will post 1.74 earnings per share for the current fiscal year.

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.