Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $23.10 and last traded at $23.10, with a volume of 16085 shares changing hands. The stock had previously closed at $22.31.
Analyst Ratings Changes
Several research firms have recently weighed in on PRMRF. Zacks Research raised Paramount Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Scotiabank reissued an “outperform” rating on shares of Paramount Resources in a report on Wednesday, January 21st. Jefferies Financial Group restated a “buy” rating on shares of Paramount Resources in a report on Tuesday. ATB Cormark Capital Markets cut shares of Paramount Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Paramount Resources in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.
Get Our Latest Stock Analysis on Paramount Resources
Paramount Resources Price Performance
Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $164.35 million during the quarter, compared to analysts’ expectations of $119.34 million. Paramount Resources had a return on equity of 2.00% and a net margin of 6.65%. Equities research analysts expect that Paramount Resources Ltd. will post 0.71 earnings per share for the current fiscal year.
Paramount Resources Company Profile
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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