Paramount Resources (OTCMKTS:PRMRF) Sets New 1-Year Low – Time to Sell?

Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF) reached a new 52-week low during trading on Wednesday . The stock traded as low as $11.78 and last traded at $11.85, with a volume of 48863 shares traded. The stock had previously closed at $11.97.

Analyst Ratings Changes

PRMRF has been the subject of a number of research reports. 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. Cormark raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th.

Paramount Resources Stock Performance

The stock has a market capitalization of $1.75 billion, a P/E ratio of 6.66 and a beta of 2.50. 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 business’s fifty day moving average price is $20.33 and its two-hundred day moving average price is $20.30.

Paramount Resources Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.0343 per share. This represents a yield of 1.84%. The ex-dividend date is Thursday, February 20th. Paramount Resources’s dividend payout ratio (DPR) is 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.