Paramount Resources (OTCMKTS:PRMRF – Get Free Report) is anticipated to announce its results before the market opens on Wednesday, March 11th. Analysts expect the company to announce earnings of $0.1648 per share and revenue of $137.63 million for the quarter.
Paramount Resources Stock Up 7.6%
Shares of OTCMKTS:PRMRF opened at $21.49 on Wednesday. Paramount Resources has a fifty-two week low of $9.89 and a fifty-two week high of $21.54. The firm’s 50-day simple moving average is $18.13 and its 200-day simple moving average is $16.90. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 3.29 and a beta of 0.70.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Raymond James Financial raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Thursday, January 15th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Paramount Resources in a report on Wednesday, November 5th. Finally, Scotiabank restated an “outperform” rating on shares of Paramount Resources in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
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.
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