Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.06 and last traded at $22.99, with a volume of 14382 shares traded. The stock had previously closed at $22.8340.
Wall Street Analyst Weigh In
PRMRF has been the topic of several recent research reports. Zacks Research raised shares of Paramount Resources to a "hold" rating in a research report on Thursday, March 5th. ATB Cormark Capital Markets cut shares of Paramount Resources from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, March 3rd. Roth Mkm raised shares of Paramount Resources to a "strong-buy" rating in a research report on Wednesday, March 4th. Raymond James Financial raised shares of Paramount Resources from a "hold" rating to a "moderate buy" rating in a research report on Thursday, January 15th. Finally, Scotiabank restated an "outperform" rating on shares of Paramount Resources in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".
Get Our Latest Stock Analysis on Paramount Resources
Paramount Resources Price Performance
The firm has a market capitalization of $3.33 billion, a PE ratio of 3.78 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.77 and a current ratio of 3.77. The business's 50 day moving average is $20.84 and its two-hundred day moving average is $18.63.
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). Paramount Resources had a net margin of 149.02% and a return on equity of 1.53%. The firm had revenue of $144.55 million during the quarter, compared to the consensus estimate of $137.63 million. Equities research analysts anticipate that Paramount Resources Ltd. will post 0.71 earnings per share for the current fiscal year.
About Paramount Resources
(
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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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