Paramount Resources (PRMRF) Projected to Post Earnings on Thursday

Paramount Resources (OTCMKTS:PRMRF) is projected to post its results before the market opens on Thursday, November 6th. Analysts expect Paramount Resources to post earnings of $0.11 per share and revenue of $136.00 million for the quarter.

Paramount Resources (OTCMKTS:PRMRF) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.10). Paramount Resources had a return on equity of 7.24% and a net margin of 111.48%.The business had revenue of $93.43 million for the quarter, compared to the consensus estimate of $131.00 million. On average, analysts expect Paramount Resources to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Paramount Resources Stock Up 0.6%

Shares of PRMRF stock opened at $16.25 on Thursday. Paramount Resources has a twelve month low of $9.89 and a twelve month high of $22.95. The company has a market cap of $2.33 billion, a P/E ratio of 2.32 and a beta of 1.31. The business has a fifty day simple moving average of $15.54 and a 200 day simple moving average of $14.74.

Paramount Resources Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 16th will be given a $0.0359 dividend. The ex-dividend date is Wednesday, October 15th. This represents a yield of 262.0%. Paramount Resources’s dividend payout ratio (DPR) is currently 6.28%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paramount Resources in a research report on Tuesday, September 23rd. National Bankshares reiterated a “sector perform” rating on shares of Paramount Resources in a research report on Thursday, September 25th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

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.