Paramount Resources (PRMRF) Expected to Announce Quarterly Earnings on Wednesday

Paramount Resources (OTCMKTS:PRMRF) is projected 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 Trading Down 8.6 %

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

Paramount Resources Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on PRMRF. National Bank Financial lowered Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Cormark upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th.

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.