OTCMKTS:PRMRF Paramount Resources (PRMRF) Stock Forecast, Price & News $23.61 -0.03 (-0.13%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$23.55▼$23.8350-Day Range$21.61▼$24.8052-Week Range$16.21▼$25.10Volume28,665 shsAverage Volume31,067 shsMarket Capitalization$3.39 billionP/E Ratio15.85Dividend Yield4.70%Price Target$13.31 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesShort InterestProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesShort Interest Paramount Resources MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside43.6% Downside$13.31 Price TargetShort InterestHealthy0.23% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider 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.1.56 out of 5 stars 1.5 Analyst's Opinion Consensus RatingParamount Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.31, Paramount Resources has a forecasted downside of 43.6% from its current price of $23.61.Amount of Analyst CoverageParamount Resources has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.23% 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 14.3, which indicates bearish sentiment.Change versus previous monthShort interest in Paramount Resources has recently decreased by 25.52%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipParamount Resources is a leading dividend payer. It pays a dividend yield of 4.70%, 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 74.50%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PRMRF. Previous Next 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Paramount Resources this week, compared to 1 article on an average week.Search Interest3 people have searched for PRMRF on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows4 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 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Paramount Resources is 15.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Paramount Resources is 15.85, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 8.76.Price to Book Value per Share RatioParamount Resources has a P/B Ratio of 1.30. 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 for and develops conventional and unconventional petroleum and natural gas in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 185,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development, the Kaybob North Montney oil development and other low-decline, legacy shale gas, and conventional natural gas producing properties covering an area of 745,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 811,000 net acres. Paramount Resources Ltd. was founded in 1976 and is based in Calgary, Canada.Read More PRMRF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PRMRF Stock News HeadlinesSeptember 20, 2023 | msn.comParamount Plus (Finally) Set For Launch in JapanAugust 2, 2023 | finance.yahoo.comParamount Resources Ltd. Announces Second Quarter 2023 ResultsSeptember 24, 2023 | Chaikin Analytics (Ad)Something is Coming for America's Top StockThis stock has already doubled this year - but it could hurt your portfolio if you hold it much longer. Learn why here.July 28, 2023 | msn.comParamount Finishes Upfront With Gains in Digital, ProgrammaticJuly 20, 2023 | yahoo.com7 new to Paramount Plus movies with 90% or higher on Rotten Tomatoes in July 2023July 4, 2023 | financialpost.comParamount Resources lowers guidance on sales volumes for first half of the year due to wildfiresJuly 4, 2023 | theglobeandmail.comParamount Resources says it has largely restored production hit by Alberta wildfiresJuly 4, 2023 | finance.yahoo.comPARAMOUNT RESOURCES LTD. ANNOUNCES PRODUCTION UPDATE, RENEWAL OF NORMAL COURSE ISSUER BID AND JULY DIVIDENDSeptember 24, 2023 | Chaikin Analytics (Ad)Something is Coming for America's Top StockThis stock has already doubled this year - but it could hurt your portfolio if you hold it much longer. Learn why here.July 4, 2023 | finance.yahoo.comParamount Resources says largely restored production hit by Alberta wildfiresJuly 1, 2023 | benzinga.comParamount Resources Stock (OTC:PRMRF), DividendsJune 24, 2023 | yahoo.com7 new to Paramount Plus movies with 90% or higher on Rotten Tomatoes in June 2023June 24, 2023 | yahoo.com'1883' Is Airing On Paramount With New Featurettes For FansJune 21, 2023 | msn.comParamount Plus Renews ‘School Spirits’June 19, 2023 | msn.comParamount Resources: Debt Free And Rapidly GrowingJune 1, 2023 | finance.yahoo.comPARAMOUNT RESOURCES LTD. ANNOUNCES APPOINTMENT OF DIRECTOR AND JUNE DIVIDENDMay 20, 2023 | yahoo.com7 new to Paramount Plus movies with 90% or higher on Rotten TomatoesMay 15, 2023 | finance.yahoo.comPARAMOUNT RESOURCES LTD. PROVIDES FURTHER ALBERTA WILDFIRE UPDATEMay 11, 2023 | finance.yahoo.comPARAMOUNT RESOURCES LTD. PROVIDES UPDATE OF ALBERTA WILDFIRE IMPACTMay 5, 2023 | wsj.comParamount Shares Drop 28% as Streaming Costs MountMay 5, 2023 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Canadian Natural (CNQ), Paramount Resources (OtherPRMRF) and Uniper SE (OtherUNPRF)May 5, 2023 | msn.comParamount Resources - (PRMRF) Declares $0.12 DividendMay 3, 2023 | finance.yahoo.comParamount Resources Ltd. Announces First Quarter 2023 ResultsApril 29, 2023 | thestreet.comRedstones' National Amusements: No Paramount SaleApril 21, 2023 | theglobeandmail.comClosing Bell: Paramount Resources Ltd down on Friday (POU)April 19, 2023 | theglobeandmail.comClosing Bell: Paramount Resources Ltd down on Wednesday (POU)April 18, 2023 | theglobeandmail.comClosing Bell: Paramount Resources Ltd down on Tuesday (POU)See More Headlines 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 Last Earnings8/02/2023Ex-Dividend for 8/31 Dividend8/14/2023Dividend Payable8/31/2023Ex-Dividend for 9/29 Dividend9/14/2023Today9/24/2023Dividend Payable9/29/2023Fiscal 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) 290-2940Fax403-262-7994Employees526Year FoundedN/APrice Target and Rating Average Stock Price Forecast$13.31 High Stock Price Forecast$16.75 Low Stock Price Forecast$10.00 Forecasted Upside/Downside-43.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$1.49 Trailing P/E Ratio15.85 Forward P/E RatioN/A P/E GrowthN/ANet Income$523.52 million Net Margins14.06% Pretax Margin45.70% Return on Equity4.63% Return on Assets3.61% Debt Debt-to-Equity RatioN/A Current Ratio0.88 Quick Ratio0.88 Sales & Book Value Annual Sales$1.73 billion Price / Sales1.96 Cash Flow$4.04 per share Price / Cash Flow5.84 Book Value$18.20 per share Price / Book1.30Miscellaneous Outstanding Shares143,600,000Free Float91,473,000Market Cap$3.39 billion OptionableNot Optionable Beta2.89 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. James H. T. Riddell BSc (Age 56)MSc (Geology), Chairman, Pres & CEO Comp: $536.27kMr. Paul Robert KinvigChief Financial OfficerMr. David Blake ReidExec. VP of OperationsMr. Rodrigo R. Sousa B.Com.C.F.A., CFA, Exec. VP of Corp. Devel. & PlanningMr. Bernard K. LeeExec. VP of Fin.Mr. Mark Gordon FrankoGen. Counsel & Corp. Sec.Mr. Phillip G. TahmazianVP of Midstream & MarketingMr. Garth W. J. StottsExec. VP of Devel. & ReservesMr. John B. WilliamsExec. VP of Kaybob RegionMore ExecutivesKey CompetitorsPremier OilOTCMKTS:PMOIYHarbour EnergyOTCMKTS:HBRIDHarbour EnergyOTCMKTS:HBRIYAfrica OilOTCMKTS:AOIFFHammerhead EnergyNASDAQ:HHRSView All Competitors PRMRF Stock - Frequently Asked Questions Should I buy or sell Paramount Resources stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paramount Resources in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRMRF shares. View PRMRF analyst ratings or view top-rated stocks. What is Paramount Resources' stock price forecast for 2023? 1 brokerages have issued 1-year price targets for Paramount Resources' stock. Their PRMRF share price forecasts range from $10.00 to $16.75. On average, they expect the company's stock price to reach $13.31 in the next twelve months. This suggests that the stock has a possible downside of 43.6%. 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 at the beginning of the year. Since then, PRMRF shares have increased by 11.6% and is now trading at $23.61. 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 August. As of August 31st, there was short interest totaling 334,500 shares, a decline of 25.5% from the August 15th total of 449,100 shares. Based on an average daily trading volume, of 23,300 shares, the days-to-cover ratio is currently 14.4 days. View Paramount Resources' Short Interest. How were Paramount Resources' earnings last quarter? Paramount Resources Ltd. (OTCMKTS:PRMRF) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.37 EPS for the quarter. The firm had revenue of $278.75 million for the quarter. Paramount Resources had a trailing twelve-month return on equity of 4.63% and a net margin of 14.06%. How often does Paramount Resources pay dividends? What is the dividend yield for Paramount Resources? Paramount Resources declared a dividend on Saturday, September 9th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.0924 per share on Friday, September 29th. This represents a dividend yield of 4.6%. The ex-dividend date is Thursday, September 14th. Read our dividend analysis for PRMRF. Is Paramount Resources a good dividend stock? Paramount Resources (OTCMKTS:PRMRF) pays an annual dividend of $1.11 per share and currently has a dividend yield of 4.70%. PRMRF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 74.50%. This payout ratio is at a healthy, sustainable level, below 75%. 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 $23.61. How much money does Paramount Resources make? Paramount Resources (OTCMKTS:PRMRF) has a market capitalization of $3.39 billion and generates $1.73 billion in revenue each year. The company earns $523.52 million in net income (profit) each year or $1.49 on an earnings per share basis. How many employees does Paramount Resources have? The company employs 526 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 9/24/2023 by MarketBeat.com Staff 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. 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. 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