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

Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

PRMRF has been the topic of several research reports. Raymond James Financial raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Thursday, January 15th. Scotiabank restated an “outperform” rating on shares of Paramount Resources in a research report on Wednesday. Finally, CIBC reiterated an “outperform” rating on shares of Paramount Resources in a research report on Wednesday, November 5th.

Paramount Resources Trading Up 4.2%

Shares of PRMRF stock opened at $18.14 on Wednesday. The company has a market cap of $2.62 billion, a P/E ratio of 2.78 and a beta of 0.75. The firm has a fifty day moving average price of $17.42 and a 200 day moving average price of $16.21. Paramount Resources has a 12 month low of $9.89 and a 12 month high of $22.94.

Paramount Resources (OTCMKTS:PRMRF) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.12). The company had revenue of $103.54 million during the quarter, compared to analysts’ expectations of $136.00 million. Paramount Resources had a net margin of 129.12% and a return on equity of 4.42%. On average, equities analysts forecast that Paramount Resources will post 1.74 EPS 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.