Paramount Resources (OTCMKTS:PRMRF – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.
PRMRF has been the topic of a number of other reports. Scotiabank reissued a “sector perform” rating on shares of Paramount Resources in a research note on Monday, October 19th. Royal Bank Of Canada restated a “sector perform” rating on shares of Paramount Resources in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Paramount Resources in a research report on Friday, October 9th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Paramount Resources in a research report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.
Check Out Our Latest Research Report on PRMRF
Paramount Resources Trading Down 0.6%
PRMRF opened at $24.74 on Monday. Paramount Resources has a one year low of $15.43 and a one year high of $25.24. The business’s 50 day moving average price is $22.82 and its 200 day moving average price is $21.08.
Paramount Resources (OTCMKTS:PRMRF – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $183.53 million for the quarter, compared to analyst estimates of $151.36 million. As a group, analysts predict that Paramount Resources will post 1.28 earnings per share for the current year.
About Paramount Resources
Paramount Resources Ltd. is a Canadian energy company engaged in the exploration, development and production of crude oil, natural gas, condensate and natural gas liquids. The company focuses on developing petroleum and natural gas resources in western Canada.
Paramount’s operations are concentrated in Alberta, including the Grande Prairie and Kaybob areas. Its activities generally include drilling wells, developing and operating production infrastructure, and processing and marketing hydrocarbons produced from its resource properties.
Founded in 1976, Paramount Resources has grown into an established Canadian exploration and production company.
Featured Stories
- Five stocks we like better than Paramount Resources
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Receive News & Ratings for Paramount Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Resources and related companies with MarketBeat.com's FREE daily email newsletter.
