Paramount Resources (OTCMKTS:PRMRF) Upgraded to Moderate Buy at Raymond James

Paramount Resources (OTCMKTS:PRMRF - Get Free Report) was upgraded by stock analysts at Raymond James to a "moderate buy" rating in a report released on Monday, April 7th,Zacks.com reports.

Separately, National Bank Financial lowered shares of Paramount Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th.

Paramount Resources Trading Up 3.7 %

Shares of PRMRF traded up $0.41 during mid-day trading on Monday, reaching $11.49. 30,966 shares of the company were exchanged, compared to its average volume of 103,689. The stock has a market capitalization of $1.65 billion, a PE ratio of 6.46 and a beta of 1.88. Paramount Resources has a 52 week low of $9.89 and a 52 week high of $24.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.62 and a current ratio of 0.62. The business has a 50 day simple moving average of $13.71 and a two-hundred day simple moving average of $18.31.

About Paramount Resources

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.