Paramount Resources (PRMRF) to Release Quarterly Earnings on Wednesday

Paramount Resources (OTCMKTS:PRMRFGet Free Report) is expected to post its resultson Wednesday, July 29th. Analysts expect Paramount Resources to post earnings of $0.28 per share and revenue of $151.36 million for the quarter.

Paramount Resources (OTCMKTS:PRMRFGet Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Paramount Resources had a net margin of 6.65% and a return on equity of 1.98%. The business had revenue of $164.34 million for the quarter, compared to the consensus estimate of $119.34 million. On average, analysts expect Paramount Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Paramount Resources Price Performance

Shares of Paramount Resources stock opened at $20.61 on Wednesday. Paramount Resources has a 1 year low of $13.24 and a 1 year high of $24.25. The firm has a market cap of $3.01 billion, a PE ratio of 79.28 and a beta of 0.63. The company has a 50 day simple moving average of $21.13 and a two-hundred day simple moving average of $20.21.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PRMRF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Paramount Resources in a report on Friday, July 10th. Zacks Research lowered shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Scotiabank restated a “sector perform” rating on shares of Paramount Resources in a research report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Paramount Resources in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Paramount Resources in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on PRMRF

Paramount Resources Company Profile

(Get Free Report)

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.

See Also

Earnings History for Paramount Resources (OTCMKTS:PRMRF)

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