Paramount Resources Ltd. (OTCMKTS:PRMRF) to Issue $0.03 Dividend

Posted by Francis Steltz on Feb 15th, 2025

Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) declared a dividend on Saturday, February 15th,investing.com reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.0343 per share on Friday, February 28th. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, February 20th.

Paramount Resources Stock Down 0.1 %

PRMRF stock opened at $22.41 on Friday. Paramount Resources has a fifty-two week low of $18.00 and a fifty-two week high of $24.84. The business’s 50 day moving average price is $21.35 and its two-hundred day moving average price is $20.59. 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 capitalization of $3.31 billion, a price-to-earnings ratio of 12.33 and a beta of 2.49.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th.

Read Our Latest Research Report on PRMRF

Paramount Resources Company Profile

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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.