Paramount Resources (OTCMKTS:PRMRF) Raised to “Moderate Buy” at Cormark

Paramount Resources (OTCMKTS:PRMRF) was upgraded by stock analysts at Cormark from a “hold” rating to a “moderate buy” rating in a report issued on Friday,Zacks.com reports.

Separately, Cibc World Mkts raised shares of Paramount Resources from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 17th.

Paramount Resources Price Performance

OTCMKTS:PRMRF opened at $22.03 on Friday. The stock has a market cap of $3.24 billion, a PE ratio of 12.38 and a beta of 2.56. Paramount Resources has a fifty-two week low of $18.00 and a fifty-two week high of $24.84. The stock’s 50-day moving average is $19.51 and its two-hundred day moving average is $21.23.

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.