Paramount Resources Ltd. (OTCMKTS:PRMRF) Announces Dividend Increase – $0.03 Per Share

Paramount Resources Ltd. (OTCMKTS:PRMRF) announced a dividend on Saturday, March 15th, investing.com reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.0345 per share on Monday, March 31st. This represents a yield of 3.61%. The ex-dividend date is Monday, March 17th. This is a 0.5% increase from Paramount Resources’s previous dividend of $0.03.

Paramount Resources Trading Up 1.8 %

PRMRF opened at $11.46 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.62 and a quick ratio of 0.62. Paramount Resources has a 12-month low of $9.89 and a 12-month high of $24.84. The firm’s fifty day moving average price is $17.64 and its 200 day moving average price is $19.44. The stock has a market capitalization of $1.69 billion, a PE ratio of 6.44 and a beta of 2.46.

Analyst Ratings Changes

PRMRF has been the subject of several recent research reports. Cormark upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 15th. National Bank Financial lowered shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th.

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.