Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.
Several equities analysts have issued reports on PRMRF shares. Jefferies Financial Group reissued a “buy” rating on shares of Paramount Resources in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Paramount Resources in a research report on Friday, July 10th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paramount Resources in a research note on Friday, August 7th. Zacks Research downgraded shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Scotiabank reissued a “sector perform” rating on shares of Paramount Resources in a research note on Friday, August 7th.
View Our Latest Analysis on Paramount Resources
Paramount Resources Trading Down 0.4%
Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Paramount Resources had a return on equity of 4.33% and a net margin of 12.52%.The company had revenue of $183.53 million for the quarter, compared to analyst estimates of $151.36 million. On average, analysts forecast that Paramount Resources will post 1.08 earnings per share for the current year.
About Paramount Resources
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
- Five stocks we like better than Paramount Resources
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Receive News & Ratings for Paramount Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources and related companies with MarketBeat.com's FREE daily email newsletter.
