Paramount Resources (OTCMKTS:PRMRF) Price Target Cut to C$37.50

Paramount Resources (OTCMKTS:PRMRFGet Rating) had its price target cut by research analysts at National Bank Financial from C$40.00 to C$37.50 in a research report issued on Wednesday, The Fly reports.

A number of other analysts have also recently issued reports on PRMRF. Stifel Nicolaus reduced their price objective on shares of Paramount Resources from C$43.00 to C$42.00 in a research note on Friday, November 4th. Scotiabank cut their target price on shares of Paramount Resources from C$37.00 to C$36.00 in a research note on Thursday, October 13th.

Paramount Resources Stock Up 4.6 %

Shares of PRMRF stock opened at $23.14 on Wednesday. The company has a 50 day simple moving average of $21.47 and a two-hundred day simple moving average of $21.42. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.30 billion, a P/E ratio of 50.30 and a beta of 2.86. Paramount Resources has a 12 month low of $16.21 and a 12 month high of $32.53.

Paramount Resources (OTCMKTS:PRMRFGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($1.16) earnings per share (EPS) for the quarter. The firm had revenue of $465.65 million during the quarter. Paramount Resources had a return on equity of 8.22% and a net margin of 4.06%.

Paramount Resources Company Profile

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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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