Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $19.8860, but opened at $19.10. Paramount Resources shares last traded at $19.22, with a volume of 1,215 shares traded.
Wall Street Analysts Forecast Growth
PRMRF has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Paramount Resources in a research report on Wednesday, May 13th. Roth Mkm raised shares of Paramount Resources to a “strong-buy” rating in a research note on Wednesday, March 4th. 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. Jefferies Financial Group reaffirmed a “buy” rating on shares of Paramount Resources in a report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Paramount Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Two research 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 company. According to data from MarketBeat.com, Paramount Resources currently has a consensus rating of “Buy”.
Read Our Latest Analysis on PRMRF
Paramount Resources Price Performance
Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $164.34 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 1.98%. On average, sell-side analysts anticipate that Paramount Resources Ltd. will post 1.06 earnings per share for the current 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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