Paramount Resources (OTCMKTS:PRMRF) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Paramount Resources (OTCMKTS:PRMRF – Free Report) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paramount Resources in a report on Wednesday. ATB Cormark Capital Markets downgraded shares of Paramount Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Paramount Resources in a research report on Wednesday. Roth Mkm raised shares of Paramount Resources to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, Raymond James Financial raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Get Paramount Resources alerts:

Read Our Latest Report on Paramount Resources

Paramount Resources Trading Down 1.0%

Shares of PRMRF stock opened at $22.33 on Tuesday. The firm has a market cap of $3.24 billion, a P/E ratio of 85.89 and a beta of 0.64. Paramount Resources has a 1-year low of $13.03 and a 1-year high of $23.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.77 and a quick ratio of 3.77. The firm’s 50-day simple moving average is $21.15 and its 200-day simple moving average is $18.88.

Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $164.35 million for the quarter, compared to analyst estimates of $119.34 million. Paramount Resources had a net margin of 6.65% and a return on equity of 2.00%. As a group, equities analysts forecast that Paramount Resources will post 0.71 EPS for the current year.

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.

Featured Stories

• Five stocks we like better than Paramount Resources
• D-Wave Earnings Looked Weak, But Investors May Be Missing This
• Nebius Upside Expands as AI Feedback Loop Intensifies
• Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
• Plug Power Flips The Switch On Profitability

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.