Paramount Resources (OTCMKTS:PRMRF) Hits New 12-Month Low at $18.07

Paramount Resources Ltd. (OTCMKTS:PRMRF) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $18.07 and last traded at $18.39, with a volume of 94238 shares traded. The stock had previously closed at $18.87.

Paramount Resources Stock Performance

The company has a market cap of $2.77 billion, a P/E ratio of 10.84 and a beta of 2.55. The stock has a 50 day moving average price of $20.99 and a 200 day moving average price of $21.71.

Paramount Resources (OTCMKTS:PRMRF) last issued its earnings results on Thursday, August 1st. The company reported $0.42 earnings per share for the quarter. The firm 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 company also recently disclosed a dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.1084 per share. This represents a yield of 6.57%. The ex-dividend date was Thursday, August 15th. Paramount Resources’s dividend payout ratio is presently 76.47%.

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.