Paramount Resources Ltd. (OTCMKTS:PRMRF) Given Average Recommendation of “Moderate Buy” by Brokerages

Paramount Resources Ltd. (OTCMKTS:PRMRFGet Rating) has earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $40.19.

A number of research analysts recently issued reports on PRMRF shares. Scotiabank boosted their price objective on Paramount Resources from C$33.00 to C$35.00 in a research report on Tuesday, May 17th. CIBC boosted their price target on Paramount Resources from C$40.00 to C$50.00 in a research report on Wednesday, June 15th. Royal Bank of Canada boosted their price target on Paramount Resources from C$30.00 to C$33.00 in a research report on Thursday, March 3rd. Raymond James boosted their price target on Paramount Resources from C$30.00 to C$33.00 in a research report on Thursday, March 3rd. Finally, Stifel Nicolaus boosted their price target on Paramount Resources from C$37.50 to C$47.50 in a research report on Thursday, May 5th.

Shares of PRMRF opened at $23.99 on Thursday. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 13.11 and a beta of 3.12. The stock has a 50 day moving average of $26.47 and a 200-day moving average of $22.88. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.11. Paramount Resources has a 52 week low of $9.03 and a 52 week high of $32.53.

Paramount Resources (OTCMKTS:PRMRFGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.74 earnings per share (EPS) for the quarter. Paramount Resources had a return on equity of 12.52% and a net margin of 21.12%. The business had revenue of $394.42 million during the quarter.

The company also recently disclosed a dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $0.0791 dividend. This represents a dividend yield of 3.05%. The ex-dividend date is Tuesday, June 14th. This is an increase from Paramount Resources’s previous dividend of $0.08. Paramount Resources’s payout ratio is currently 51.91%.

About Paramount Resources (Get Rating)

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company's principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. It also invests in public and private corporations.

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