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

by · The Cerbat Gem

Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) has earned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company.

A number of equities research analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Paramount Resources in a research report on Tuesday, May 12th. Zacks Research upgraded Paramount Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Paramount Resources in a research report on Wednesday, May 13th. Roth Mkm upgraded Paramount Resources to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paramount Resources in a research report on Wednesday, May 13th.

Get Our Latest Analysis on Paramount Resources

Paramount Resources Price Performance

Shares of OTCMKTS PRMRF opened at $23.94 on Tuesday. The business’s 50 day moving average price is $21.43 and its 200 day moving average price is $19.22. The firm has a market cap of $3.48 billion, a P/E ratio of 92.09 and a beta of 0.64. Paramount Resources has a 52 week low of $13.24 and a 52 week high of $24.25. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 0.10.

Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $164.35 million for the quarter, compared to analyst estimates of $119.34 million. Paramount Resources had a return on equity of 2.00% and a net margin of 6.65%. On average, sell-side analysts expect that Paramount Resources will post 1.06 earnings per share for the current year.

Paramount Resources Company Profile

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Paramount Resources Ltd. is a Calgary, Alberta–based energy company engaged in the exploration, development and production of conventional and unconventional oil and natural gas resources. The company’s operations span acquisition of acreage, drilling and completion activities, reservoir optimization and production marketing, with a focus on upstream activities. Paramount also holds a portfolio of royalty interests that generate recurring cash flows from production by third parties.

Paramount’s core operating regions are located within the Western Canadian Sedimentary Basin, primarily in Alberta and northeastern British Columbia.

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