Paramount Resources Ltd. (OTCMKTS:PRMRF) Given Average Recommendation of “Moderate Buy” by Brokerages

Paramount Resources Ltd. (OTCMKTS:PRMRF) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have issued reports on PRMRF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Paramount Resources in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Paramount Resources in a research report on Friday, July 10th. Jefferies Financial Group reissued a “buy” rating on shares of Paramount Resources in a research note on Tuesday, May 12th. Scotiabank restated a “sector perform” rating on shares of Paramount Resources in a report on Friday, July 17th. Finally, Zacks Research cut shares of Paramount Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th.

Paramount Resources Trading Up 1.2%

PRMRF opened at $21.10 on Friday. The stock has a 50-day moving average price of $20.74 and a 200-day moving average price of $20.42. Paramount Resources has a 12-month low of $13.24 and a 12-month high of $24.25. The stock has a market capitalization of $3.08 billion, a P/E ratio of 81.16 and a beta of 0.63.

Paramount Resources (OTCMKTS:PRMRF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. The firm had revenue of $164.34 million for the quarter, compared to analyst estimates of $119.34 million. Paramount Resources had a return on equity of 1.98% and a net margin of 6.65%. On average, equities research analysts predict that Paramount Resources will post 1.07 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.