Paramount Resources Ltd. (OTCMKTS:PRMRF) Given Consensus Recommendation of “Buy” by Analysts

Shares of Paramount Resources Ltd. (OTCMKTS:PRMRF) have been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

Several equities analysts recently issued reports on PRMRF shares. ATB Cormark Capital Markets cut Paramount Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, March 3rd. Scotiabank reiterated an “outperform” rating on shares of Paramount Resources in a report on Wednesday, January 21st. Roth Mkm upgraded Paramount Resources to a “strong-buy” rating in a report on Wednesday, March 4th. Zacks Research upgraded Paramount Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paramount Resources in a report on Wednesday, May 13th.

Paramount Resources Price Performance

Shares of PRMRF stock opened at $23.53 on Tuesday. The stock’s fifty day moving average is $21.25 and its 200-day moving average is $19.03. 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 stock has a market capitalization of $3.41 billion, a PE ratio of 90.50 and a beta of 0.64. Paramount Resources has a 52 week low of $13.03 and a 52 week high of $23.67.

Paramount Resources (OTCMKTS:PRMRF) last announced its earnings results on Tuesday, May 12th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $164.35 million for the quarter, compared to analysts’ expectations of $119.34 million. Paramount Resources had a return on equity of 2.00% and a net margin of 6.65%. Equities research analysts expect that Paramount Resources will post 1.06 EPS for the current fiscal year.

About Paramount Resources

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.