Paramount Resources Ltd. (OTCMKTS:PRMRF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Paramount Resources Ltd. (OTCMKTS:PRMRF) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company.

Several equities analysts have issued reports on the company. ATB Cormark Capital Markets lowered Paramount Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, March 3rd. Zacks Research upgraded Paramount Resources to a “hold” rating in a research note on Thursday, March 5th. Scotiabank reaffirmed an “outperform” rating on shares of Paramount Resources in a report on Wednesday, January 21st. Roth Mkm raised shares of Paramount Resources to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, Raymond James Financial upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Thursday, January 15th.

Paramount Resources Stock Up 2.8%

OTCMKTS PRMRF opened at $22.71 on Friday. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 3.73 and a beta of 0.68. Paramount Resources has a 52 week low of $11.09 and a 52 week high of $22.71. The company has a fifty day moving average of $20.77 and a two-hundred day moving average of $18.54. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 0.10.

Paramount Resources (OTCMKTS:PRMRF) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). Paramount Resources had a return on equity of 1.53% and a net margin of 149.02%.The company had revenue of $144.55 million during the quarter, compared to the consensus estimate of $137.63 million. On average, analysts predict that Paramount Resources will post 0.71 earnings per share for the current 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.