Paramount Resources (PRMRF) Stock Price, News & Analysis

Company Overview

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres. The company was founded in 1976 and is based in Calgary, Canada.

Key Stats

• Today's Range: $22.19 to $22.60
• 50-Day Range: $18.55 to $22.51
• 52-Week Range: $18.00 to $24.84
• Volume: 70,033 shs
• Average Volume: 74,318 shs
• Market Capitalization: $3.31 billion
• P/E Ratio: 12.64
• Dividend Yield: 5.91%
• Price Target: $37.00
• Consensus Rating: Strong Buy

Paramount Resources Stock Analysis - MarketRank™

Paramount Resources scored higher than 60% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Paramount Resources has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Paramount Resources has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Paramount Resources is 12.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.96.

Price to Earnings Ratio vs. Sector

The P/E ratio of Paramount Resources is 12.64, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.59.

Price to Book Value per Share Ratio

Paramount Resources has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.44% of the outstanding shares of Paramount Resources have been sold short.

Short Interest Ratio / Days to Cover

Paramount Resources has a short interest ratio ("days to cover") of 51.1, which indicates bearish sentiment.

Change versus previous month

Short interest in Paramount Resources has recently increased by 11.94%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Paramount Resources is a leading dividend payer. It pays a dividend yield of 5.97%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Paramount Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Paramount Resources is 74.72%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on EPS estimates, Paramount Resources will have a dividend payout ratio of 160.24% in the coming year. This indicates that Paramount Resources may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.44% of the outstanding shares of Paramount Resources have been sold short.

Short Interest Ratio / Days to Cover

Paramount Resources has a short interest ratio ("days to cover") of 51.1, which indicates bearish sentiment.

Change versus previous month

Short interest in Paramount Resources has recently increased by 11.94%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.57

News Sentiment

Paramount Resources has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Paramount Resources this week, compared to 1 article on an average week.

MarketBeat Follows

Only 1 people have added Paramount Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Paramount Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

36.30% of the stock of Paramount Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 4.14% of the stock of Paramount Resources is held by institutions.

PRMRF Stock Analysis - Frequently Asked Questions

How have PRMRF shares performed this year?

Paramount Resources' stock was trading at $19.6035 at the beginning of the year. Since then, PRMRF shares have increased by 14.8% and is now trading at $22.5050.
View the best growth stocks for 2024 here.

How do I buy shares of Paramount Resources?

Shares of PRMRF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Ex-Dividend for 10/31 Dividend: 10/15/2024
• Dividend Payable: 10/31/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Today: 11/23/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Oils/Energy
• Industry: Oil & gas exploration services
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: OTCMKTS:PRMRF
• CUSIP: N/A
• CIK: N/A
• Web: www.paramountres.com
• Phone: (403) 290-2940
• Fax: 403-262-7994
• Employees: 579
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $37.00
• High Stock Price Target: $37.00
• Low Stock Price Target: $37.00
• Potential Upside/Downside: +64.4%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.78
• Trailing P/E Ratio: 12.64
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $348.32 million
• Net Margins: 19.96%
• Pretax Margin: 24.79%
• Return on Equity: 10.05%
• Return on Assets: 8.01%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.75
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $1.33 billion
• Price / Sales: 2.48
• Cash Flow: $1.94 per share
• Price / Cash Flow: 11.60
• Book Value: $17.93 per share
• Price / Book: 1.26

Miscellaneous

• Outstanding Shares: 147,000,000
• Free Float: 93,641,000
• Market Cap: $3.31 billion
• Optionable: Not Optionable
• Beta: 2.56