Paramount Resources Ltd. (OTCMKTS:PRMRF) Plans Dividend of $0.11

Paramount Resources Ltd. (OTCMKTS:PRMRF) declared a dividend on Wednesday, November 13th,investing.com reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.1078 per share on Friday, November 29th. This represents a yield of 6.65%. The ex-dividend date of this dividend is Friday, November 15th.

Paramount Resources Stock Down 0.6 %

Shares of Paramount Resources stock traded down $0.11 during trading on Wednesday, reaching $19.45. 30,097 shares of the company were exchanged, compared to its average volume of 43,111. Paramount Resources has a twelve month low of $18.00 and a twelve month high of $24.84. The business has a 50-day moving average price of $19.41 and a 200-day moving average price of $21.25. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 10.93 and a beta of 2.56.

Analysts Set New Price Targets

Separately, Cibc World Mkts upgraded Paramount Resources from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 17th.

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.