Paramount Resources (PRMRF) Projected to Post Quarterly Earnings on Thursday

Paramount Resources (OTCMKTS:PRMRF) is expected to release its results before the market opens on Thursday, November 6th. Analysts expect Paramount Resources to post earnings of $0.11 per share and revenue of $136.00 million for the quarter.

Paramount Resources Trading Up 1.5%

Shares of Paramount Resources stock opened at $16.61 on Tuesday. Paramount Resources has a 12 month low of $9.89 and a 12 month high of $22.95. The firm has a market capitalization of $2.39 billion, a P/E ratio of 2.37 and a beta of 1.31. The business has a fifty day simple moving average of $15.65 and a two-hundred day simple moving average of $14.86.

Paramount Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, October 31st. Investors of record on Thursday, October 16th were given a dividend of $0.0359 per share. This represents a yield of 262.0%. The ex-dividend date of this dividend was Wednesday, October 15th. Paramount Resources’s dividend payout ratio (DPR) is 6.13%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PRMRF. National Bankshares reissued a “sector perform” rating on shares of Paramount Resources in a research note on Thursday, September 25th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Paramount Resources in a research report on Tuesday, September 23rd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

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.