Paramount Resources Ltd (PRMRF) Receives Average Recommendation of “Hold” from Analysts

Shares of Paramount Resources Ltd (OTCMKTS:PRMRF) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company.

Separately, BMO Capital Markets reissued a “hold” rating on shares of Paramount Resources in a research note on Thursday, March 7th.

Shares of OTCMKTS:PRMRF traded up $0.01 during mid-day trading on Friday, reaching $6.81. The stock had a trading volume of 100 shares, compared to its average volume of 4,102. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.36. Paramount Resources has a twelve month low of $4.25 and a twelve month high of $14.31.

Paramount Resources (OTCMKTS:PRMRF) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.54 earnings per share for the quarter. The business had revenue of $156.95 million for the quarter. Paramount Resources had a negative net margin of 43.26% and a negative return on equity of 7.81%.

About Paramount Resources

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are the Montney and Duvernay developments covering approximately 3.0 million net acres located in Alberta and British Columbia.

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Analyst Recommendations for Paramount Resources (OTCMKTS:PRMRF)

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