OTCMKTS:PRMRF Paramount Resources - PRMRF Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Paramount Resources Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. $21.90 +0.08 (+0.37%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$21.80▼$22.1250-Day Range$20.04▼$23.7152-Week Range$16.21▼$32.53Volume32,293 shsAverage Volume27,926 shsMarket Capitalization$3.13 billionP/E Ratio18.25Dividend Yield5.02%Price Target$41.30 ProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesShort Interest Paramount Resources MarketRank™ ForecastAnalyst RatingN/A0.00 Rating ScoreUpside/Downside88.6% Upside$41.30 Price TargetShort InterestHealthy0.83% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.96Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.08 out of 5 stars 2.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $41.30, Paramount Resources has a forecasted upside of 88.6% from its current price of $21.90.Amount of Analyst CoverageParamount Resources has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.83% of the outstanding shares of Paramount Resources have been sold short.Short Interest Ratio / Days to CoverParamount Resources has a short interest ratio ("days to cover") of 30.1, which indicates bearish sentiment.Change versus previous monthShort interest in Paramount Resources has recently decreased by 17.75%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipParamount Resources is a leading dividend payer. It pays a dividend yield of 5.04%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthParamount Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Paramount Resources is 91.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PRMRF. Previous Next 3.9 News and Social Media Coverage News SentimentParamount Resources has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Paramount Resources this week, compared to 1 article on an average week.Search Interest8 people have searched for PRMRF on MarketBeat in the last 30 days. MarketBeat Follows3 people have added Paramount Resources to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Paramount Resources insiders have not sold or bought any company stock.Percentage Held by Insiders36.30% of the stock of Paramount Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 0.02% of the stock of Paramount Resources is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Paramount Resources is 18.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.96.Price to Earnings Ratio vs. SectorThe P/E ratio of Paramount Resources is 18.25, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 78.42.Price to Book Value per Share RatioParamount Resources has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Paramount Resources (OTCMKTS:PRMRF) StockParamount Resources Ltd. explores and develops both conventional and unconventional petroleum and natural gas resources. It operates through the following regions: Grande Prairie Region, Kaybob Region and Central Alberta and Other Region. The company was founded by Clayton H. Riddell on February 14, 1978 and is headquartered in Calgary, Canada.Read More Receive PRMRF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Paramount Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address PRMRF Stock News HeadlinesApril 1, 2023 | americanbankingnews.comParamount Resources Ltd. (OTCMKTS:PRMRF) Sees Large Decrease in Short InterestMarch 10, 2023 | finance.yahoo.comParamount Resources (TSE:POU) Could Be A Buy For Its Upcoming DividendApril 1, 2023 | Investorplace Media (Ad)5 Stocks to Buy ImmediatelyAmerica’s #1 stock picker issues 5 buy alerts – one of which is positioned to be the next Tesla. Just click to claim your copy. March 7, 2023 | msn.comParamount Resources reports Q4 resultsFebruary 18, 2023 | cnet.comParamount Plus to Hike Prices by as Much as $2 a Month, Likely in JulyFebruary 15, 2023 | finance.yahoo.comParamount Resources Ltd. (PRMRF)January 31, 2023 | finance.yahoo.comDo Its Financials Have Any Role To Play In Driving Paramount Resources Ltd.'s (TSE:POU) Stock Up Recently?January 25, 2023 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Cenovus Energy (CVE), Paramount Resources (OtherPRMRF) and Chord Energy (CHRD)April 1, 2023 | Vantage Point (Ad)Did You See These Trend Reversals?Get ready for a potentially shocking and unprecedented announcement from the Fed meeting on May 3rd. This could cause many retail and industry traders to resort to drastic measures. One swift stroke could make popular assets plummet, BUT… there’s a straightforward solution to act now to protect your family and wealth. January 11, 2023 | finance.yahoo.comParamount Resources Ltd. Announces Closing of Disposition, Special Dividend and Updated GuidanceJanuary 3, 2023 | seekingalpha.comParamount Resources Ltd. declares CAD 0.125 dividendDecember 11, 2022 | seekingalpha.comParamount Resources: Family Owned And Conservatively ManagedDecember 9, 2022 | finance.yahoo.comParamount Resources Ltd. Announces $375 Million Asset Sale, Planned Special Dividend and Production UpdateDecember 5, 2022 | finance.yahoo.comIs Now The Time To Put Paramount Resources (TSE:POU) On Your Watchlist?November 9, 2022 | finance.yahoo.comParamount Resources Third Quarter 2022 Earnings: EPS: CA$1.57 (vs CA$2.20 in 3Q 2021)November 4, 2022 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Baytex Energy (OtherBTEGF) and Paramount Resources (OtherPRMRF)November 3, 2022 | nasdaq.comParamount Global (PARA) Q3 Earnings Miss, Revenues Rise Y/YNovember 2, 2022 | finance.yahoo.comParamount Resources Ltd.'s (TSE:POU) largest shareholders are individual investors who were rewarded as market cap surged CA$513m last weekOctober 10, 2022 | nasdaq.comParamount Global (PARA) Drops Transformers: EarthSpark TeaserOctober 5, 2022 | msn.comParamount Plus Releases Documentary Trailer for this Famed Civil Rights IconSeptember 23, 2022 | morningstar.comParamount Resources Ltd Class ASeptember 19, 2022 | seekingalpha.comBrian Robbins Is Right: Paramount Should Make More MoviesSeptember 10, 2022 | finance.yahoo.comShould Income Investors Look At Paramount Resources Ltd. (TSE:POU) Before Its Ex-Dividend?August 8, 2022 | finance.yahoo.comThree Days Left To Buy Paramount Resources Ltd. (TSE:POU) Before The Ex-Dividend DateAugust 4, 2022 | seekingalpha.comParamount Resources: Patience Finally RewardedAugust 3, 2022 | marketwatch.comParamount Resources Swings to 2Q Profit on Increased Oil PricesAugust 3, 2022 | finance.yahoo.comParamount Resources Ltd. Announces Second Quarter 2022 Results, Updated Guidance, Complementary Asset Acquisition and Non-Core Infrastructure DispositionSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PRMRF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Paramount Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address PRMRF Company Calendar Ex-Dividend for 2/28 Dividend2/14/2023Dividend Payable2/28/2023Ex-Dividend for 3/31 Dividend3/14/2023Dividend Payable3/31/2023Today4/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeOTCMKTS Industry Oil & gas exploration services Sub-IndustryN/A SectorOils/Energy Current SymbolOTCMKTS:PRMRF CUSIPN/A CIKN/A Webwww.paramountres.com Phone(403) 290-2940Fax403-262-7994Employees475Year FoundedN/APrice Target and Rating Average Stock Price Forecast$41.30 High Stock Price Forecast$50.00 Low Stock Price Forecast$32.00 Forecasted Upside/Downside+88.6%Consensus RatingN/A Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$1.20 Trailing P/E Ratio18.25 Forward P/E RatioN/A P/E GrowthN/ANet Income$523.52 million Net Margins10.30% Pretax Margin39.55% Return on Equity10.02% Return on Assets7.21% Debt Debt-to-Equity Ratio0.05 Current Ratio1.79 Quick Ratio1.79 Sales & Book Value Annual Sales$1.73 billion Price / Sales1.81 Cash Flow$4.06 per share Price / Cash Flow5.39 Book Value$18.20 per share Price / Book1.20Miscellaneous Outstanding Shares142,910,000Free Float91,034,000Market Cap$3.13 billion OptionableNot Optionable Beta2.93 Key ExecutivesJim RiddellChairman, President & Chief Executive OfficerDavid Blake ReidExecutive Vice President-OperationsPaul Robert KinvigChief Financial OfficerMichael HanVP-Information Services & Corporate ServicesJoerg WittenbergerVice President-Grande PrairieKey CompetitorsPremier OilOTCMKTS:PMOIYHarbour EnergyOTCMKTS:HBRIDHarbour EnergyOTCMKTS:HBRIYAfrica OilOTCMKTS:AOIFFShowa Shell Sekiyu K.K.OTCMKTS:SWSKFView All Competitors PRMRF Stock - Frequently Asked Questions What is Paramount Resources' stock price forecast for 2023? 0 brokerages have issued 12-month price targets for Paramount Resources' shares. Their PRMRF share price forecasts range from $32.00 to $50.00. On average, they predict the company's stock price to reach $41.30 in the next year. This suggests a possible upside of 88.6% from the stock's current price. View analysts price targets for PRMRF or view top-rated stocks among Wall Street analysts. How have PRMRF shares performed in 2023? Paramount Resources' stock was trading at $21.15 on January 1st, 2023. Since then, PRMRF stock has increased by 3.5% and is now trading at $21.90. View the best growth stocks for 2023 here. Are investors shorting Paramount Resources? Paramount Resources saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 1,181,400 shares, a decline of 17.8% from the February 28th total of 1,436,400 shares. Based on an average trading volume of 39,300 shares, the days-to-cover ratio is presently 30.1 days. View Paramount Resources' Short Interest. How often does Paramount Resources pay dividends? What is the dividend yield for Paramount Resources? Paramount Resources announced a dividend on Friday, March 10th. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.0911 per share on Friday, March 31st. This represents a dividend yield of 5.03%. The ex-dividend date is Tuesday, March 14th. Read our dividend analysis for PRMRF. Is Paramount Resources a good dividend stock? Paramount Resources (OTCMKTS:PRMRF) pays an annual dividend of $1.10 per share and currently has a dividend yield of 5.04%. PRMRF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 91.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for PRMRF. What is Paramount Resources' stock symbol? Paramount Resources trades on the OTCMKTS under the ticker symbol "PRMRF." How do I buy shares of Paramount Resources? Shares of PRMRF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Paramount Resources' stock price today? One share of PRMRF stock can currently be purchased for approximately $21.90. How much money does Paramount Resources make? Paramount Resources (OTCMKTS:PRMRF) has a market capitalization of $3.13 billion and generates $1.73 billion in revenue each year. The company earns $523.52 million in net income (profit) each year or $1.20 on an earnings per share basis. How many employees does Paramount Resources have? The company employs 475 workers across the globe. How can I contact Paramount Resources? Paramount Resources' mailing address is 421 SEVENTH AVENUE SW SUITE 2800, CALGARY A0, T2P 4K9. The official website for the company is www.paramountres.com. The company can be reached via phone at (403) 290-2940, via email at info@paramountres.com, or via fax at 403-262-7994. This page (OTCMKTS:PRMRF) was last updated on 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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