Paramount Resources (OTCMKTS:PRMRF) Releases Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Paramount Resources (OTCMKTS:PRMRF) posted its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17), Zacks reports. Paramount Resources had a return on equity of 1.54% and a net margin of 149.02%.The business had revenue of $144.55 million for the quarter, compared to the consensus estimate of $137.63 million.

Paramount Resources Stock Up 0.8%

PRMRF opened at $21.66 on Thursday. The stock has a market cap of $3.13 billion, a P/E ratio of 3.56 and a beta of 0.70. Paramount Resources has a 12 month low of $10.28 and a 12 month high of $21.87. The company has a fifty day simple moving average of $18.20 and a 200 day simple moving average of $16.93.

Wall Street Analysts Forecast Growth

PRMRF has been the subject of several recent research reports. 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. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Paramount Resources in a report on Wednesday, November 5th. Finally, Scotiabank reissued an “outperform” rating on shares of Paramount Resources in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.