Paramount Resources Ltd. (OTCMKTS:PRMRF) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Paramount Resources has a consensus analyst recommendation of Moderate Buy from eight analysts (three holds, four buys, one strong buy), with recent rating moves including upgrades from Raymond James and Roth MKM and a downgrade from ATB Cormark.
• The stock opened at $21.74, trading above its 50‑day ($19.76) and 200‑day ($17.79) moving averages, with a 1‑year range of $10.28–$22.35, a market cap of $3.14 billion and a PE ratio of 3.57.
• Paramount reported quarterly EPS of ($0.01) vs. consensus $0.16 (a miss) while beating revenue estimates at $144.55 million, and analysts forecast roughly $1.74 EPS for the current year.

Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company.

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

Paramount Resources Stock Performance

PRMRF opened at $21.74 on Monday. The stock's fifty day simple moving average is $19.76 and its 200 day simple moving average is $17.79. Paramount Resources has a 1-year low of $10.28 and a 1-year high of $22.35. The stock has a market cap of $3.14 billion, a PE ratio of 3.57 and a beta of 0.70.

Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.17). Paramount Resources had a return on equity of 1.54% and a net margin of 149.02%.The company had revenue of $144.55 million for the quarter, compared to the consensus estimate of $137.63 million. Equities analysts forecast that Paramount Resources will post 1.74 earnings per share 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.

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