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OTCMKTS:PRMRF

Paramount Resources (PRMRF) Stock Price, News & Analysis

Paramount Resources logo
$22.03 +0.17 (+0.78%)
(As of 11/20/2024 ET)

About Paramount Resources Stock (OTCMKTS:PRMRF)

Key Stats

Today's Range
$21.50
$22.10
50-Day Range
$18.55
$22.34
52-Week Range
$18.00
$24.84
Volume
31,936 shs
Average Volume
75,533 shs
Market Capitalization
$3.24 billion
P/E Ratio
12.38
Dividend Yield
6.04%
Price Target
$37.00
Consensus Rating
Strong Buy

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.

Paramount Resources Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
67th Percentile Overall Score

PRMRF MarketRank™: 

Paramount Resources scored higher than 67% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Paramount Resources' stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Paramount Resources is 12.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Paramount Resources is 12.38, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.37.

  • Price to Book Value per Share Ratio

    Paramount Resources has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • 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 Leadership

    Paramount Resources is a leading dividend payer. It pays a dividend yield of 6.09%, 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.

  • Read more about Paramount Resources' dividend.
  • 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 Sentiment

    Paramount Resources has a news sentiment score of 0.58. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 10 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.
  • 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.

  • Read more about Paramount Resources' insider trading history.
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PRMRF Stock News Headlines

Paramount Resources Ltd. Reports Q3 2024 Earnings
RBC Capital Remains a Hold on Paramount Resources (PRMRF)
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PRMRF Stock Analysis - Frequently Asked Questions

Paramount Resources' stock was trading at $19.6035 at the beginning of the year. Since then, PRMRF shares have increased by 12.4% and is now trading at $22.0275.
View the best growth stocks for 2024 here
.

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
11/21/2024
Dividend Payable
11/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas exploration services
Sub-Industry
Petroleum And Natural Gas
Current Symbol
OTCMKTS:PRMRF
CIK
N/A
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
+68.0%
Consensus Rating
Strong Buy
Rating Score (0-4)
3.50
Research Coverage
2 Analysts

Profitability

Net Income
$348.32 million
Pretax Margin
24.79%

Debt

Sales & Book Value

Annual Sales
$1.33 billion
Cash Flow
$1.93 per share
Book Value
$17.93 per share

Miscellaneous

Free Float
93,641,000
Market Cap
$3.24 billion
Optionable
Not Optionable
Beta
2.56

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This page (OTCMKTS:PRMRF) was last updated on 11/21/2024 by MarketBeat.com Staff
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