Paramount Resources Ltd (OTCMKTS:PRMRF) Receives Average Rating of “Hold” from Analysts

Paramount Resources Ltd (OTCMKTS:PRMRF) has received a consensus rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company.

Separately, Credit Suisse Group began coverage on shares of Paramount Resources in a research report on Monday, July 15th. They issued an “underperform” rating for the company.

Shares of Paramount Resources stock opened at $4.68 on Tuesday. Paramount Resources has a twelve month low of $4.10 and a twelve month high of $12.11. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $4.78 and a two-hundred day simple moving average of $5.62.

About Paramount Resources

Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. Its principal properties are the Montney and Duvernay developments covering approximately 3.0 million net acres located in Alberta and British Columbia.

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Analyst Recommendations for Paramount Resources (OTCMKTS:PRMRF)

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