Closing Bell: Paramount Resources Ltd down on Wednesday (POU)

Today in trading, Paramount Resources Ltd shares closed at $27.07 after opening the day at $27.59. Intraday prices ranged from $26.96 to $27.81.

The price eased -0.33 percent from the previous day's close of $27.16.

Today across North America, the TSX Composite closed -0.45% at 21880.95, the S&P 500 closed -0.77% at 5199.50, the Dow Jones Industrial Average closed -0.60% at 38763.45 and the Nasdaq Composite closed 1.03% at 16366.85.

Paramount Resources Ltd traded under POU on the Toronto Stock Exchange (TSX).

A total of 219,291 shares was traded during the session, with total trades of 1,268, with an average volume of 311,958 over the last 5 days.

The TSX overall saw 1,858 price advancers against 3,319 declines and 108 unchanged.

During the prior 52 weeks, POU.TO has traded as high as $33.80 (October 31,2023) and low as $24.59 (February 06,2024). Moreover, in the last 12 months, Paramount Resources Ltd's shares have dipped -16.50%, while this year, they have gained 4.40%.

It announced a 0.15 dividend on August 01/24, with an August 15/24 ex-date and August 30/24 pay day.

Following today's trading, Paramount Resources Ltd has a market capitalization of $3.98 billion on a float of 146,700 shares outstanding. Its annual EPS is $2.36.

Paramount Resources Ltd is a TSX Oil & Gas E&P company headquartered in Calgary, CAN.

Currently, Paramount Resources Ltd's consensus rating is "Moderate Buy" based on 8 analysts according to Zacks. From those 8 analysts, 5 have buy ratings and 3 analysts gave hold ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..