Paramount Resources Ltd. (OTCMKTS:PRMRF) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus: Eight brokerages give Paramount Resources an average recommendation of "Moderate Buy" (4 buys, 3 holds, 1 strong buy), with recent notes ranging from a Roth Mkm "strong-buy" to ATB Cormark trimming its rating to moderate buy.
• Q4 results: The company missed quarterly EPS (reported ($0.01) vs. $0.16 expected) but beat revenue estimates ($144.6M vs. $137.6M), and analysts expect ~0.71 EPS for the current fiscal year.
• Financial profile: Paramount has a market cap of ~$3.02B, a low P/E of 3.42, strong liquidity (current/quick ratio ~3.77) and low leverage (debt/equity ~0.10).

Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight brokerages that are covering the firm, Marketbeat 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 have commented on PRMRF. Roth Mkm upgraded shares of Paramount Resources to a "strong-buy" rating in a research note on Wednesday, March 4th. Zacks Research upgraded shares of Paramount Resources to a "hold" rating in a research note on Thursday, March 5th. 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. Scotiabank reiterated an "outperform" rating on shares of Paramount Resources in a research note on Wednesday, January 21st. Finally, ATB Cormark Capital Markets lowered shares of Paramount Resources from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, March 3rd.

Paramount Resources Stock Performance

Shares of Paramount Resources stock opened at $20.84 on Friday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 3.42 and a beta of 0.68. Paramount Resources has a 52 week low of $11.00 and a 52 week high of $22.35. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 0.10. The firm's 50 day moving average is $20.46 and its two-hundred day moving average is $18.36.

Paramount Resources (OTCMKTS:PRMRF - Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.17). The company had revenue of $144.55 million during 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 1.53%. Research analysts forecast that Paramount Resources will post 0.71 EPS for the current fiscal 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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