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

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

Several brokerages recently weighed in on PRMRF. Scotiabank restated an “outperform” rating on shares of Paramount Resources in a research note on Wednesday, January 21st. ATB Cormark Capital Markets cut Paramount Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, March 3rd. Zacks Research raised Paramount Resources to a “hold” rating in a research note on Thursday, March 5th. Roth Mkm upgraded shares of Paramount Resources to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, Raymond James Financial raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Thursday, January 15th.

Paramount Resources Stock Performance

Shares of OTCMKTS:PRMRF opened at $20.30 on Monday. The company has a market capitalization of $2.93 billion, a PE ratio of 3.33 and a beta of 0.68. Paramount Resources has a 12-month low of $10.28 and a 12-month high of $22.35. The business has a 50 day moving average of $20.07 and a two-hundred day moving average of $17.95.

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