Paramount Resources (OTCMKTS:PRMRF) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Paramount Resources (OTCMKTS:PRMRF) to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also weighed in on PRMRF. Roth Mkm upgraded Paramount Resources to a “strong-buy” rating in a research note on Wednesday. Scotiabank reissued an “outperform” rating on shares of Paramount Resources in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Paramount Resources in a research report on Wednesday, November 5th. ATB Cormark Capital Markets downgraded shares of Paramount Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday. Finally, Raymond James Financial raised shares of Paramount Resources from a “hold” rating to a “moderate buy” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Paramount Resources presently has an average rating of “Moderate Buy”.

Paramount Resources Trading Up 0.5%

OTCMKTS PRMRF traded up $0.11 during trading hours on Thursday, reaching $21.61. 15,376 shares of the company’s stock were exchanged, compared to its average volume of 16,807. The firm has a fifty day moving average of $18.35 and a 200-day moving average of $17.02. Paramount Resources has a one year low of $10.28 and a one year high of $22.05. The stock has a market cap of $3.12 billion, a PE ratio of 3.55 and a beta of 0.70.

Paramount Resources (OTCMKTS:PRMRF) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.17). The business had revenue of $144.55 million during the quarter, compared to the consensus estimate of $137.63 million. Paramount Resources had a net margin of 149.02% and a return on equity of 1.54%. As a group, research analysts forecast that Paramount Resources will post 1.74 EPS for the current year.

Paramount Resources Company Profile

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.