Paramount Resources Ltd. (OTCMKTS:PRMRF – Get Free Report) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.
Several research firms recently weighed in on PRMRF. 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 reaffirmed a “sector perform” rating on shares of Paramount Resources in a research report on Monday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Paramount Resources in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Paramount Resources in a research note on Friday, October 9th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Paramount Resources in a research report on Wednesday, September 16th.
View Our Latest Analysis on PRMRF
Paramount Resources Trading Up 0.4%
PRMRF stock opened at $24.50 on Friday. The stock has a market cap of $3.58 billion, a P/E ratio of 42.81 and a beta of 0.87. The stock’s fifty day simple moving average is $22.66 and its two-hundred day simple moving average is $21.61. Paramount Resources has a 1-year low of $15.43 and a 1-year high of $24.72.
Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $183.53 million during the quarter, compared to the consensus estimate of $151.36 million. Paramount Resources had a return on equity of 4.31% and a net margin of 12.52%. As a group, analysts forecast that Paramount Resources will post 1.08 earnings per share for the current fiscal year.
Paramount Resources Company Profile
Paramount Resources Ltd. is a Canadian energy company engaged in the exploration, development and production of crude oil, natural gas, condensate and natural gas liquids. The company focuses on developing petroleum and natural gas resources in western Canada.
Paramount’s operations are concentrated in Alberta, including the Grande Prairie and Kaybob areas. Its activities generally include drilling wells, developing and operating production infrastructure, and processing and marketing hydrocarbons produced from its resource properties.
Founded in 1976, Paramount Resources has grown into an established Canadian exploration and production company.
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