Paramount Resources (OTCMKTS:PRMRF) Upgraded by Cormark to Moderate Buy Rating

Paramount Resources (OTCMKTS:PRMRF - Get Free Report) was upgraded by research analysts at Cormark from a "hold" rating to a "moderate buy" rating in a research note issued to investors on Friday,Zacks.com reports.

Separately, Cibc World Mkts raised Paramount Resources from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 17th.

Paramount Resources Price Performance

PRMRF traded down $0.20 on Friday, hitting $22.03. 105,654 shares of the stock were exchanged, compared to its average volume of 40,512. Paramount Resources has a 12 month low of $18.00 and a 12 month high of $24.84. The business has a 50-day moving average of $19.51 and a two-hundred day moving average of $21.23. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 12.38 and a beta of 2.56.

Paramount Resources Company Profile

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.