Paramount Resources Ltd. (OTCMKTS:PRMRF) Receives Consensus Rating of “Moderate Buy” from Brokerages

by · The Markets Daily

Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities research analysts have weighed in on PRMRF shares. Zacks Research cut shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paramount Resources in a research note on Friday, August 7th. Scotiabank reiterated a “sector perform” rating on shares of Paramount Resources in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Paramount Resources in a report on Friday, July 10th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Paramount Resources in a research report on Wednesday, September 16th.

Get Our Latest Stock Analysis on Paramount Resources

Paramount Resources Stock Down 0.1%

Shares of Paramount Resources stock opened at $21.41 on Monday. The firm has a market cap of $3.13 billion, a PE ratio of 37.56 and a beta of 0.67. Paramount Resources has a twelve month low of $15.43 and a twelve month high of $24.25. The business has a 50-day moving average price of $22.18 and a 200 day moving average price of $21.51.

Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The company had revenue of $183.53 million during the quarter, compared to analyst estimates of $151.36 million. Paramount Resources had a net margin of 12.52% and a return on equity of 4.31%. On average, sell-side analysts expect that Paramount Resources will post 1.08 EPS for the current year.

About Paramount Resources

(Get Free Report)

Paramount Resources Ltd. is a Canadian energy company engaged in the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids. The company’s activities are focused on developing long-life, liquids-rich resource opportunities and related petroleum infrastructure.

Paramount’s operations are concentrated in Alberta, particularly in the Grande Prairie and Kaybob areas. Its asset base includes interests in several of Western Canada’s unconventional oil and natural gas plays, supported by drilling, completion, processing and transportation activities.

Headquartered in Calgary, Alberta, Paramount was founded in 1978 by Clayton Riddell and has grown into one of Canada’s notable publicly traded exploration and production companies.

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