Paramount Resources (PRMRF) to Release Quarterly Earnings on Wednesday

Paramount Resources (OTCMKTS:PRMRF) is anticipated to announce its earnings results on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $446.00 million for the quarter.

Paramount Resources Price Performance

Shares of OTCMKTS PRMRF opened at $10.44 on Tuesday. The company has a 50 day moving average of $19.59 and a 200 day moving average of $20.03. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.01. Paramount Resources has a twelve month low of $10.39 and a twelve month high of $24.84. The firm has a market cap of $1.54 billion, a P/E ratio of 5.87 and a beta of 2.49.

Paramount Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.0343 dividend. This represents a dividend yield of 1.84%. The ex-dividend date was Thursday, February 20th. Paramount Resources’s dividend payout ratio is currently 23.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PRMRF shares. Cormark raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 15th. National Bank Financial cut shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th.

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.