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

Paramount Resources Ltd. (OTCMKTS:PRMRF) has earned an average rating of “Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company.

Several research analysts have recently commented on the company. Raymond James Financial reiterated an “outperform” rating on shares of Paramount Resources in a report on Wednesday, September 16th. Royal Bank Of Canada restated a “sector perform” rating on shares of Paramount Resources in a report on Friday, August 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Paramount Resources in a research report on Friday, October 9th. Scotiabank raised Paramount Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 9th. Finally, Zacks Research cut Paramount Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 9th.

Paramount Resources Stock Performance

PRMRF traded down $0.23 during trading on Tuesday, reaching $23.00. The stock had a trading volume of 70,050 shares, compared to its average volume of 224,732. The stock has a market cap of $3.36 billion, a PE ratio of -17.56 and a beta of 0.81. Paramount Resources has a one year low of $15.60 and a one year high of $25.24. The business has a 50-day moving average of $22.92 and a 200-day moving average of $21.49.

Paramount Resources (OTCMKTS:PRMRF) last released its earnings results on Thursday, November 5th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.17). Paramount Resources had a negative net margin of 24.64% and a positive return on equity of 5.02%. The business had revenue of $277.70 million for the quarter, compared to the consensus estimate of $165.04 million. Equities research analysts forecast that Paramount Resources will post -0.70 EPS for the current fiscal year.

Paramount Resources Company Profile

Paramount Resources Ltd. is a Canadian energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids. Its operations also include infrastructure that supports the gathering and processing of its production. The company’s activities are concentrated in Western Canada, particularly in Alberta and British Columbia, where it develops resources in areas including the Montney, Deep Basin and Duvernay. Paramount traces its history to 1976 and is headquartered in Calgary, Alberta.