Paramount Resources (OTCMKTS:PRMRF) Rating Lowered to Hold at National Bank Financial

National Bank Financial cut shares of Paramount Resources (OTCMKTS:PRMRF) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Separately, Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th.

Paramount Resources Price Performance

Shares of OTCMKTS:PRMRF opened at $12.84 on Tuesday. The business’s fifty day moving average price is $21.03 and its two-hundred day moving average price is $20.50. The stock has a market cap of $1.90 billion, a PE ratio of 7.21 and a beta of 2.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.62 and a current ratio of 0.62. Paramount Resources has a one year low of $11.82 and a one year high of $24.84.

Paramount Resources Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.0343 per share. This represents a dividend yield of 1.84%. The ex-dividend date is Thursday, February 20th. Paramount Resources’s dividend payout ratio is presently 70.23%.

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.