Paramount Resources (PRMRF) Projected to Release Earnings on Wednesday

Paramount Resources (OTCMKTS:PRMRF) is expected to be announcing its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.28 per share and revenue of $151.36 million for the quarter.

Paramount Resources (OTCMKTS:PRMRF) last announced its earnings results on Tuesday, May 12th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Paramount Resources had a net margin of 6.65% and a return on equity of 1.98%. The business had revenue of $164.34 million during the quarter, compared to the consensus estimate of $119.34 million. On average, analysts expect Paramount Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Paramount Resources Price Performance

OTCMKTS PRMRF opened at $21.53 on Monday. Paramount Resources has a 52-week low of $13.24 and a 52-week high of $24.25. The business’s 50-day moving average price is $21.04 and its 200 day moving average price is $20.29. The firm has a market cap of $3.14 billion, a P/E ratio of 82.81 and a beta of 0.63.

Analyst Upgrades and Downgrades

PRMRF has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Paramount Resources in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Paramount Resources in a report on Friday, July 10th. Zacks Research downgraded Paramount Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paramount Resources in a research report on Wednesday, May 13th. Finally, Scotiabank reissued a “sector perform” rating on shares of Paramount Resources in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Paramount Resources

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.