Paramount Resources (OTCMKTS:PRMRF) Upgraded to “Strong-Buy” at Roth Mkm

Paramount Resources (OTCMKTS:PRMRF) was upgraded by analysts at Roth Mkm to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms also recently weighed in on PRMRF. Scotiabank reissued an “outperform” rating on shares of Paramount Resources in a research report on Wednesday, January 21st. Raymond James Financial upgraded shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research report on Thursday, January 15th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Paramount Resources in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Paramount Resources Price Performance

OTCMKTS PRMRF opened at $21.66 on Wednesday. The business has a 50 day simple moving average of $18.20 and a 200 day simple moving average of $16.93. The stock has a market capitalization of $3.13 billion, a P/E ratio of 3.56 and a beta of 0.70. Paramount Resources has a one year low of $10.28 and a one year high of $21.87.

Paramount Resources (OTCMKTS:PRMRF) last released its quarterly earnings data 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 1.54%. The firm had revenue of $144.55 million for the quarter, compared to the consensus estimate of $137.63 million. Equities analysts expect that Paramount Resources will post 1.74 earnings per share for the current 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.