Paramount Resources (PRMRF) Projected to Release Earnings on Tuesday

Paramount Resources (OTCMKTS:PRMRF) is expected to be announcing its results before the market opens on Tuesday, November 3rd. Analysts expect the company to post earnings of $0.2574 per share and revenue of $165.04 million for the quarter.

Paramount Resources (OTCMKTS:PRMRF) last posted its earnings results on Thursday, August 6th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $183.53 million for the quarter, compared to the consensus estimate of $151.36 million. Paramount Resources had a return on equity of 4.31% and a net margin of 12.52%. On average, analysts expect Paramount Resources to post $1.28 EPS for the current fiscal year and $1.15 EPS for the next fiscal year.

Paramount Resources Trading Up 2.6%

Shares of OTCMKTS PRMRF opened at $24.92 on Tuesday. The firm has a market cap of $3.64 billion, a P/E ratio of 43.72 and a beta of 0.87. Paramount Resources has a 1-year low of $15.43 and a 1-year high of $24.92. The business’s 50 day moving average is $22.75 and its 200-day moving average is $21.00.

Analysts Set New Price Targets

PRMRF has been the subject of several recent research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Paramount Resources in a research note on Friday, October 9th. Scotiabank reiterated a “sector perform” rating on shares of Paramount Resources in a research report on Monday, October 19th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paramount Resources in a research report on Friday, August 7th. Zacks Research downgraded Paramount Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Paramount Resources in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Paramount Resources currently has a consensus rating of “Moderate Buy”.

Paramount Resources Company Profile

Paramount Resources Ltd. is a Canadian energy company engaged in the exploration, development and production of crude oil, natural gas, condensate and natural gas liquids. The company focuses on developing petroleum and natural gas resources in western Canada.

Paramount’s operations are concentrated in Alberta, including the Grande Prairie and Kaybob areas. Its activities generally include drilling wells, developing and operating production infrastructure, and processing and marketing hydrocarbons produced from its resource properties.

Founded in 1976, Paramount Resources has grown into an established Canadian exploration and production company.