Paramount Resources Ltd. (PRMRF) To Go Ex-Dividend on February 10th

Posted by Scott Moore on Feb 5th, 2025

Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) declared a dividend on Monday, February 3rd,investing.com reports. Stockholders of record on Tuesday, February 11th will be given a dividend of 2.0818 per share on Friday, February 14th. This represents a dividend yield of 126.23%. The ex-dividend date is Monday, February 10th. This is a positive change from Paramount Resources’s previous dividend of $0.10.

Paramount Resources Trading Up 3.2 %

Shares of PRMRF stock opened at $20.75 on Wednesday. Paramount Resources has a 1 year low of $18.00 and a 1 year high of $24.84. The firm’s fifty day simple moving average is $21.35 and its 200 day simple moving average is $20.55. The firm has a market capitalization of $3.06 billion, a P/E ratio of 11.12 and a beta of 2.50. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.01.

Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.19). The business had revenue of $321.08 million during the quarter, compared to the consensus estimate of $337.69 million. Paramount Resources had a net margin of 19.96% and a return on equity of 10.04%. As a group, sell-side analysts predict that Paramount Resources will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PRMRF. Cibc World Mkts upgraded shares of Paramount Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Cormark raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 15th.

Get Our Latest Stock Analysis on Paramount Resources

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.