Paramount Resources Ltd. (OTCMKTS:PRMRF) Short Interest Update

Posted by Jessica Moore on Oct 15th, 2024

Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 3,437,500 shares, a growth of 22.2% from the September 15th total of 2,812,400 shares. Based on an average trading volume of 283,800 shares, the short-interest ratio is presently 12.1 days.

Paramount Resources Trading Up 0.0 %

Paramount Resources stock opened at $20.28 on Tuesday. Paramount Resources has a 12-month low of $18.00 and a 12-month high of $24.95. The firm has a 50-day moving average price of $19.86 and a 200-day moving average price of $21.55. The firm has a market capitalization of $2.97 billion, a PE ratio of 11.93 and a beta of 2.54.

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

Paramount Resources Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be issued a $0.111 dividend. This represents a dividend yield of 6.63%. The ex-dividend date is Tuesday, October 15th. Paramount Resources’s payout ratio is presently 78.24%.

Paramount Resources Company Profile

(Get Free Report)

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.