Paramount Resources (OTCMKTS:PRMRF) Upgraded at Roth Mkm

Roth Mkm upgraded shares of Paramount Resources (OTCMKTS:PRMRF) to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on PRMRF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Paramount Resources in a report on Wednesday, November 5th. Scotiabank reissued an “outperform” rating on shares of Paramount Resources in a report on Wednesday, January 21st. Finally, Raymond James Financial raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Paramount Resources Stock Performance

OTCMKTS PRMRF opened at $21.61 on Wednesday. The company has a market capitalization of $3.12 billion, a PE ratio of 3.55 and a beta of 0.70. Paramount Resources has a 52-week low of $10.28 and a 52-week high of $22.05. The company has a 50-day simple moving average of $18.35 and a 200 day simple moving average of $17.02.

Paramount Resources (OTCMKTS:PRMRF) last released its earnings results on Tuesday, March 3rd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). Paramount Resources had a net margin of 149.02% and a return on equity of 1.54%. The company had revenue of $144.55 million during the quarter, compared to analysts’ expectations of $137.63 million. As a group, analysts forecast that Paramount Resources will post 1.74 EPS for the current fiscal year.

About Paramount Resources

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.