Paramount Resources (OTCMKTS:PRMRF) Reaches New 52-Week High at $28.52

Shares of Paramount Resources Ltd. (OTCMKTS:PRMRFGet Rating) hit a new 52-week high during trading on Thursday . The company traded as high as $28.52 and last traded at $28.47, with a volume of 21350 shares trading hands. The stock had previously closed at $27.68.

A number of analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Paramount Resources from C$37.50 to C$47.50 in a research note on Thursday, May 5th. Scotiabank upped their target price on shares of Paramount Resources from C$33.00 to C$35.00 in a research note on Tuesday, May 17th. BMO Capital Markets upped their target price on shares of Paramount Resources from C$40.00 to C$45.00 in a research note on Thursday, May 5th. Royal Bank of Canada upped their target price on shares of Paramount Resources from C$30.00 to C$33.00 in a research note on Thursday, March 3rd. Finally, National Bank Financial upped their target price on shares of Paramount Resources from C$35.00 to C$45.00 in a research note on Thursday, April 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $37.81.

The stock’s fifty day moving average is $25.05 and its two-hundred day moving average is $21.55. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $4.10 billion, a PE ratio of 15.82 and a beta of 3.14.

Paramount Resources (OTCMKTS:PRMRFGet Rating) last issued its quarterly earnings results on Wednesday, March 2nd. The company reported $0.71 earnings per share for the quarter. The company had revenue of $344.55 million for the quarter. Paramount Resources had a net margin of 21.12% and a return on equity of 12.99%.

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be issued a dividend of $0.0779 per share. The ex-dividend date of this dividend is Friday, May 13th. This is an increase from Paramount Resources’s previous dividend of $0.06. This represents a yield of 3.91%. Paramount Resources’s dividend payout ratio is 50.82%.

Paramount Resources Company Profile (OTCMKTS:PRMRF)

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company's principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. It also invests in public and private corporations.

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