ValuEngine Downgrades Paramount Resources (OTCMKTS:PRMRF) to Sell

Paramount Resources (OTCMKTS:PRMRF) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday, ValuEngine reports.

Several other brokerages have also recently issued reports on PRMRF. Raymond James reissued a “buy” rating and issued a $8.00 price objective on shares of Paramount Resources in a report on Friday, November 8th. CIBC reaffirmed a “hold” rating and set a $7.50 target price on shares of Paramount Resources in a report on Monday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Paramount Resources currently has a consensus rating of “Hold” and an average price target of $7.75.

Shares of PRMRF opened at $5.08 on Tuesday. The business’s 50-day moving average is $4.47 and its two-hundred day moving average is $4.82. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.45. Paramount Resources has a fifty-two week low of $3.63 and a fifty-two week high of $7.42.

Paramount Resources Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Paramount Resources (OTCMKTS:PRMRF)

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