Paramount Resources (PRMRF) Expected to Announce Earnings on Tuesday

Paramount Resources (OTCMKTS:PRMRF) is anticipated to issue its results before the market opens on Tuesday, May 12th. Analysts expect the company to announce earnings of $0.1974 per share and revenue of $119.3410 million for the quarter.

Paramount Resources (OTCMKTS:PRMRF) last posted its earnings results on Tuesday, March 3rd. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.17). Paramount Resources had a return on equity of 1.53% and a net margin of 149.02%.The company had revenue of $144.55 million during the quarter, compared to analyst estimates of $137.63 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 Stock Performance

PRMRF traded up $0.06 on Tuesday, hitting $22.90. The company had a trading volume of 9,406 shares, compared to its average volume of 16,235. The company’s fifty day moving average price is $20.77 and its 200 day moving average price is $18.58. Paramount Resources has a 1-year low of $11.36 and a 1-year high of $22.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.77 and a quick ratio of 3.77. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 3.76 and a beta of 0.64.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PRMRF shares. Zacks Research upgraded Paramount Resources to a “hold” rating in a report on Thursday, March 5th. Roth Mkm upgraded Paramount Resources to a “strong-buy” rating in a report on Wednesday, March 4th. Scotiabank restated an “outperform” rating on shares of Paramount Resources in a report on Wednesday, January 21st. ATB Cormark Capital Markets lowered Paramount Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, March 3rd. Finally, Raymond James Financial upgraded Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.