Paramount Resources Ltd. (PRMRF) – What Are Analysts Saying About This Stock?

Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF) have received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company.

PRMRF has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Paramount Resources in a report on Friday, August 7th. Zacks Research cut shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Scotiabank reiterated a “sector perform” rating on shares of Paramount Resources in a research note on Monday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Paramount Resources in a report 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.

Paramount Resources Price Performance

Shares of OTCMKTS:PRMRF opened at $24.26 on Friday. The company has a market capitalization of $3.54 billion, a PE ratio of 42.67 and a beta of 0.87. The business has a fifty day moving average price of $22.72 and a two-hundred day moving average price of $21.66. Paramount Resources has a 1 year low of $15.43 and a 1 year high of $24.72.

Paramount Resources (OTCMKTS:PRMRF) last released its earnings results on Thursday, August 6th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $183.53 million for the quarter, compared to analysts’ expectations of $151.36 million. Paramount Resources had a return on equity of 4.31% and a net margin of 12.52%. Sell-side analysts anticipate that Paramount Resources will post 1.08 earnings per share for the current year.

About Paramount Resources

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.