Paramount Resources (OTCMKTS:PRMRF – Get Free Report) released its earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.17), Zacks reports. Paramount Resources had a return on equity of 4.31% and a net margin of 12.52%. The company had revenue of $277.70 million for the quarter, compared to analyst estimates of $165.04 million.
Paramount Resources Price Performance
OTCMKTS PRMRF traded down $0.39 during trading on Friday, hitting $22.34. 4,726 shares of the company’s stock traded hands, compared to its average volume of 200,227. The firm has a market cap of $3.27 billion, a P/E ratio of 39.20 and a beta of 0.81. Paramount Resources has a 12-month low of $15.60 and a 12-month high of $25.24. The stock has a fifty day moving average of $22.93 and a two-hundred day moving average of $21.34.
Analyst Upgrades and Downgrades
PRMRF has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Paramount Resources in a research note on Friday, August 7th. Scotiabank restated a “sector perform” rating on shares of Paramount Resources in a report on Monday, October 19th. Zacks Research upgraded Paramount Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. 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 reiterated an “outperform” rating on shares of Paramount Resources in a research note on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Paramount Resources presently has an average rating of “Buy”.
Check Out Our Latest Research Report on PRMRF
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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