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

Paramount Resources Ltd. (OTCMKTS:PRMRF) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have commented on PRMRF. Zacks Research raised Paramount Resources to a “hold” rating in a report on Thursday. Raymond James Financial upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Thursday, January 15th. Roth Mkm raised shares of Paramount Resources to a “strong-buy” rating in a research note on Wednesday. Scotiabank restated an “outperform” rating on shares of Paramount Resources in a report on Wednesday, January 21st. Finally, ATB Cormark Capital Markets cut shares of Paramount Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, March 3rd.

Paramount Resources Price Performance

PRMRF opened at $21.61 on Thursday. Paramount Resources has a fifty-two week low of $10.28 and a fifty-two week high of $22.05. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 3.55 and a beta of 0.70. The company’s 50 day moving average price is $18.35 and its two-hundred day moving average price is $17.03.

Paramount Resources (OTCMKTS:PRMRF) last released its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.17). The business had revenue of $144.55 million for the quarter, compared to the consensus estimate of $137.63 million. Paramount Resources had a net margin of 149.02% and a return on equity of 1.54%. As a group, equities research analysts predict that Paramount Resources will post 1.74 EPS for the current year.

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.