Paramount Resources (PRMRF) Expected to Post Earnings on Wednesday

Paramount Resources (OTCMKTS:PRMRF) is projected to announce its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.28 per share and revenue of $151.36 million for the quarter.

Paramount Resources (OTCMKTS:PRMRF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Paramount Resources had a net margin of 6.65% and a return on equity of 1.98%. The company had revenue of $164.34 million during the quarter, compared to the consensus estimate of $119.34 million. On average, analysts expect Paramount Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Paramount Resources Trading Down 2.7%

OTCMKTS:PRMRF opened at $20.94 on Tuesday. The company has a 50-day moving average of $20.99 and a 200-day moving average of $20.32. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 80.54 and a beta of 0.63. Paramount Resources has a twelve month low of $13.24 and a twelve month high of $24.25.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PRMRF. Royal Bank Of Canada restated a “sector perform” rating on shares of Paramount Resources in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Paramount Resources in a report on Friday, July 10th. Zacks Research downgraded Paramount Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Jefferies Financial Group reissued a “buy” rating on shares of Paramount Resources in a research note on Tuesday, May 12th. Finally, Scotiabank restated a “sector perform” rating on shares of Paramount Resources in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average 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.