Paramount Resources (OTCMKTS:PRMRF) Reaches New 52-Week Low at $18.07

Paramount Resources Ltd. (OTCMKTS:PRMRF) shares hit a new 52-week low on Tuesday . The company traded as low as $18.07 and last traded at $18.39, with a volume of 94238 shares changing hands. The stock had previously closed at $18.87.

Paramount Resources Stock Up 2.7 %

The firm has a market capitalization of $2.77 billion, a PE ratio of 10.84 and a beta of 2.55. The business’s 50-day moving average price is $20.99 and its 200-day moving average price is $21.71.

Paramount Resources (OTCMKTS:PRMRF) last released its earnings results on Thursday, August 1st. The company reported $0.42 earnings per share (EPS) for the quarter. Paramount Resources had a net margin of 19.56% and a return on equity of 9.90%. The company had revenue of $324.22 million during the quarter.

Paramount Resources Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.1084 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 6.57%. Paramount Resources’s payout ratio is 76.47%.

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.