Paramount Resources (OTCMKTS:PRMRF – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.
Several other analysts also recently weighed in on the company. Scotiabank upgraded Paramount Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paramount Resources in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Paramount Resources in a report on Friday, October 9th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Paramount Resources in a research note on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.
Get Our Latest Analysis on Paramount Resources
Paramount Resources Price Performance
PRMRF opened at $22.58 on Monday. The business has a 50 day simple moving average of $22.91 and a two-hundred day simple moving average of $21.42. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -17.24 and a beta of 0.81. Paramount Resources has a one year low of $15.60 and a one year high of $25.24.
Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.17). The firm had revenue of $277.70 million during the quarter, compared to the consensus estimate of $165.04 million. Paramount Resources had a positive return on equity of 5.02% and a negative net margin of 24.64%. As a group, sell-side analysts expect that Paramount Resources will post -0.70 EPS for the current fiscal year.
About Paramount Resources
Paramount Resources Ltd. is a Canadian energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids. Its operations also include infrastructure that supports the gathering and processing of its production. The company’s activities are concentrated in Western Canada, particularly in Alberta and British Columbia, where it develops resources in areas including the Montney, Deep Basin and Duvernay. Paramount traces its history to 1976 and is headquartered in Calgary, Alberta.
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