Paramount Resources Ltd. (OTCMKTS:PRMRF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF) have been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several research analysts recently commented on PRMRF shares. Scotiabank reaffirmed an “outperform” rating on shares of Paramount Resources in a research report on Wednesday. Raymond James Financial raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Thursday, January 15th. CIBC restated an “outperform” rating on shares of Paramount Resources in a report on Wednesday, November 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Paramount Resources in a research report on Tuesday, September 23rd. Finally, National Bankshares reissued a “sector perform” rating on shares of Paramount Resources in a research report on Thursday, September 25th.

Paramount Resources Trading Up 0.1%

Shares of Paramount Resources stock traded up $0.02 during mid-day trading on Wednesday, reaching $17.40. 3,590 shares of the stock were exchanged, compared to its average volume of 17,946. Paramount Resources has a fifty-two week low of $9.89 and a fifty-two week high of $22.94. The firm has a 50-day simple moving average of $17.37 and a 200 day simple moving average of $16.17. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 2.67 and a beta of 0.75.

Paramount Resources (OTCMKTS:PRMRF) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.12). Paramount Resources had a net margin of 129.12% and a return on equity of 4.42%. The firm had revenue of $103.54 million for the quarter, compared to analyst estimates of $136.00 million. On average, research analysts predict that Paramount Resources will post 1.74 EPS for the current fiscal 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.