Should I buy or sell Paramount Resources stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Resources in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PRMRF shares. View PRMRF analyst ratings or view top-rated stocks .

What is Paramount Resources' stock price target for 2024?

2 equities research analysts have issued 12-month target prices for Paramount Resources' shares. Their PRMRF share price targets range from $11.50 to $37.00. On average, they expect the company's stock price to reach $20.06 in the next twelve months. This suggests that the stock has a possible downside of 4.1%. View analysts price targets for PRMRF or view top-rated stocks among Wall Street analysts .

How have PRMRF shares performed in 2024?

Paramount Resources' stock was trading at $19.6035 at the beginning of 2024. Since then, PRMRF shares have increased by 6.7% and is now trading at $20.92. View the best growth stocks for 2024 here .

Are investors shorting Paramount Resources?

Paramount Resources saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 1,342,500 shares, a decline of 17.0% from the February 29th total of 1,617,000 shares. Based on an average trading volume of 121,600 shares, the short-interest ratio is currently 11.0 days. View Paramount Resources' Short Interest .

How were Paramount Resources' earnings last quarter?

Paramount Resources Ltd. (OTCMKTS:PRMRF) issued its earnings results on Wednesday, March, 6th. The company reported $0.55 earnings per share (EPS) for the quarter. The business earned $345.63 million during the quarter. Paramount Resources had a trailing twelve-month return on equity of 10.96% and a net margin of 25.95%.

How often does Paramount Resources pay dividends? What is the dividend yield for Paramount Resources?

Paramount Resources announced a dividend on Saturday, April 6th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.0924 per share on Tuesday, April 30th. This represents a dividend yield of 5.28%. The ex-dividend date is Friday, April 12th. This is an increase from the stock's previous dividend of $0.09. Read our dividend analysis for PRMRF .

Is Paramount Resources a good dividend stock?

Paramount Resources (OTCMKTS:PRMRF) pays an annual dividend of $0.65 per share and currently has a dividend yield of 3.10%. The dividend payout ratio is 27.78%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for PRMRF .

How do I buy shares of Paramount Resources?

Shares of PRMRF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:PRMRF

Paramount Resources (PRMRF) Stock Price, News & Analysis

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$20.92

-0.04 (-0.19%)

(As of 04/18/2024 ET)

Compare

Today's Range: $20.92
▼
$21.08
50-Day Range: $19.20
▼
$23.06
52-Week Range: $18.19
▼
$24.95

Volume: 4,383 shs
Average Volume: 37,294 shs
Market Capitalization: $3.05 billion

P/E Ratio: 8.94
Dividend Yield: 3.11%
Price Target: $20.06

Stock Analysis Analyst Forecasts Chart Dividend Earnings Headlines Short Interest

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Paramount Resources MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 4.1% Downside
$20.06 Price Target
Short Interest: Bearish
0.88% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.77 out of 5 stars

1.5

Analyst's Opinion

Consensus Rating
Paramount Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Paramount Resources has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.88% of the outstanding shares of Paramount Resources have been sold short.
Short Interest Ratio / Days to Cover
Paramount Resources has a short interest ratio ("days to cover") of 26.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Paramount Resources has recently decreased by 4.16%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Paramount Resources pays a meaningful dividend of 3.10%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Paramount Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Paramount Resources is 27.78%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PRMRF.

1.6

News and Social Media Coverage

News Sentiment
Paramount Resources has a news sentiment score of -0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Oils/Energy companies.
MarketBeat Follows
1 people have added Paramount Resources to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Paramount Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
36.30% of the stock of Paramount Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 4.14% of the stock of Paramount Resources is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Paramount Resources is 8.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Paramount Resources is 8.94, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 20.30.
Price to Book Value per Share Ratio
Paramount Resources has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Paramount Resources Stock (OTCMKTS:PRMRF)

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres. The company was founded in 1976 and is based in Calgary, Canada.

PRMRF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PRMRF Stock News Headlines

April 11, 2024 | msn.com

Skydance to meet with Paramount management next week - report

April 11, 2024 | msn.com

Proposed Paramount Acquisition: What No One Is Talking About

April 18, 2024 | Paradigm Press (Ad)

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April 10, 2024 | msn.com

Paramount directors said to seek exit as merger talks continue - WSJ

April 10, 2024 | americanbankingnews.com

Paramount Resources' (PRMRF) Outperform Rating Reaffirmed at BMO Capital Markets

April 9, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Paramount Resources: Undervalued Assets and Operational Excellence Drive Investment Potential

April 4, 2024 | finance.yahoo.com

Paramount Resources (TSE:POU) Has Announced A Dividend Of CA$0.125

March 30, 2024 | finance.yahoo.com

While individual investors own 40% of Paramount Resources Ltd. (TSE:POU), private companies are its largest shareholders with 45% ownership

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March 7, 2024 | realmoney.thestreet.com

Paramount Resources price target lowered by C$2.50 at Stifel

March 6, 2024 | marketwatch.com

Paramount Resources Shares Fall on Lower Sales Volumes Expectations for 2024

March 6, 2024 | sfgate.com

Paramount Resources: Q4 Earnings Snapshot

March 6, 2024 | finance.yahoo.com

Paramount Resources Ltd. Announces 2023 Annual Results, Non-Core Asset Disposition and Revised 2024 Guidance

February 28, 2024 | health.usnews.com

Memory Care Communities Near Paramount, CA

February 1, 2024 | msn.com

'Immediately take this deal': Wall Street sees Byron Allen's Paramount bid as a savior

January 14, 2024 | seekingalpha.com

Paramount Resources: Beating A Cold Air Front

December 8, 2023 | bbc.com

Top Gun maker Paramount sued over copyright breach

November 9, 2023 | finance.yahoo.com

Paramount Resources Ltd. (TSE:POU) Goes Ex-Dividend Soon

October 31, 2023 | morningstar.com

Paramount Resources Ltd Class A PRMRF

October 19, 2023 | tmcnet.com

Paramount Celebrates 25 Years of Purposeful Innovation and Announces New SMB-Focused Services for Key Digital Technology Capabilities

October 5, 2023 | msn.com

Paramount Resources: Back To Growth

September 20, 2023 | msn.com

Paramount Plus (Finally) Set For Launch in Japan

August 2, 2023 | finance.yahoo.com

Paramount Resources Ltd. Announces Second Quarter 2023 Results

July 28, 2023 | msn.com

Paramount Finishes Upfront With Gains in Digital, Programmatic

July 20, 2023 | yahoo.com

7 new to Paramount Plus movies with 90% or higher on Rotten Tomatoes in July 2023

July 4, 2023 | financialpost.com

Paramount Resources lowers guidance on sales volumes for first half of the year due to wildfires

July 4, 2023 | theglobeandmail.com

Paramount Resources says it has largely restored production hit by Alberta wildfires

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Company Calendar

Last Earnings: 3/06/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Ex-Dividend for 4/30 Dividend: 4/12/2024
Today: 4/18/2024
Dividend Payable: 4/30/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Oils/Energy
Industry: Oil & gas exploration services
Sub-Industry: N/A
Current Symbol: OTCMKTS:PRMRF
CUSIP: N/A
CIK: N/A
Web: www.paramountres.com
Phone: (403) 290-2940
Fax: 403-262-7994
Employees: 579
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $20.06
High Stock Price Target: $37.00
Low Stock Price Target: $11.50
Potential Upside/Downside: -4.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.34
Trailing P/E Ratio: 8.94
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $348.32 million
Net Margins: 25.95%
Pretax Margin: 37.54%
Return on Equity: 10.96%
Return on Assets: 8.84%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.71
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: $1.33 billion
Price / Sales: 2.29
Cash Flow: $1.92 per share
Price / Cash Flow: 10.91
Book Value: $17.93 per share
Price / Book: 1.17

Miscellaneous

Outstanding Shares: 145,610,000
Free Float: 92,751,000
Market Cap: $3.05 billion
Optionable: Not Optionable
Beta: 2.66

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Key Executives

Mr. James H. T. Riddell BSc (Age 57)
MSc (Geology), Chairman, President & CEO
Comp: $535.87k
Mr. Paul Robert Kinvig
Chief Financial Officer
Mr. David Blake Reid
Executive Vice President of Operations
Mr. Rodrigo R. Sousa B.Com.
C.F.A., Executive Vice President of Corporate Development & Planning
Mr. Bernard K. Lee
Executive Vice President of Finance
Mr. Mark Gordon Franko
General Counsel & Corporate Secretary
Mr. Phillip G. Tahmazian
Vice President of Midstream & Marketing
Mr. Garth W. J. Stotts
Executive Vice President of Development & Reserves
Mr. John B. Williams
Executive Vice President of Kaybob Region

Key Competitors

View All Competitors

PRMRF Stock Analysis - Frequently Asked Questions

Should I buy or sell Paramount Resources stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Resources in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PRMRF shares.
View PRMRF analyst ratings or view top-rated stocks.
What is Paramount Resources' stock price target for 2024?: 2 equities research analysts have issued 12-month target prices for Paramount Resources' shares. Their PRMRF share price targets range from $11.50 to $37.00. On average, they expect the company's stock price to reach $20.06 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
View analysts price targets for PRMRF or view top-rated stocks among Wall Street analysts.
How have PRMRF shares performed in 2024?: Paramount Resources' stock was trading at $19.6035 at the beginning of 2024. Since then, PRMRF shares have increased by 6.7% and is now trading at $20.92.
View the best growth stocks for 2024 here.
Are investors shorting Paramount Resources?: Paramount Resources saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 1,342,500 shares, a decline of 17.0% from the February 29th total of 1,617,000 shares. Based on an average trading volume of 121,600 shares, the short-interest ratio is currently 11.0 days.
View Paramount Resources' Short Interest.

How were Paramount Resources' earnings last quarter?: Paramount Resources Ltd. (OTCMKTS:PRMRF) issued its earnings results on Wednesday, March, 6th. The company reported $0.55 earnings per share (EPS) for the quarter. The business earned $345.63 million during the quarter. Paramount Resources had a trailing twelve-month return on equity of 10.96% and a net margin of 25.95%.
How often does Paramount Resources pay dividends? What is the dividend yield for Paramount Resources?: Paramount Resources announced a dividend on Saturday, April 6th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.0924 per share on Tuesday, April 30th. This represents a dividend yield of 5.28%. The ex-dividend date is Friday, April 12th. This is an increase from the stock's previous dividend of $0.09.
Read our dividend analysis for PRMRF.
Is Paramount Resources a good dividend stock?: Paramount Resources (OTCMKTS:PRMRF) pays an annual dividend of $0.65 per share and currently has a dividend yield of 3.10%. The dividend payout ratio is 27.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PRMRF.
How do I buy shares of Paramount Resources?: Shares of PRMRF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:PRMRF) was last updated on 4/18/2024 by MarketBeat.com Staff

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Paramount Resources (PRMRF) Stock Price, News & Analysis

Paramount Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Paramount Resources Stock (OTCMKTS:PRMRF)

PRMRF Stock Price History

PRMRF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

PRMRF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™