Paramount Resources Ltd (PRMRF) Receives Average Recommendation of “Hold” from Brokerages
Shares of Paramount Resources Ltd (OTCMKTS:PRMRF) have received a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.
Several equities research analysts have recently commented on PRMRF shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Paramount Resources in a report on Friday, November 9th. Scotiabank reissued a “hold” rating on shares of Paramount Resources in a research report on Tuesday, November 13th. CIBC reissued a “hold” rating on shares of Paramount Resources in a research report on Monday, November 12th. Royal Bank of Canada reissued a “hold” rating on shares of Paramount Resources in a research report on Monday, November 12th. Finally, TD Securities reissued a “hold” rating on shares of Paramount Resources in a research report on Friday, November 9th.
Shares of OTCMKTS PRMRF traded down $0.34 during mid-day trading on Tuesday, hitting $5.98. 9,236 shares of the company traded hands, compared to its average volume of 6,921. Paramount Resources has a 1 year low of $5.74 and a 1 year high of $17.53. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.34.
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 located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.
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