Paramount Resources (OTCMKTS:PRMRF) Stock Rating Lowered by National Bank Financial

Paramount Resources (OTCMKTS:PRMRF) was downgraded by equities research analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Cormark raised Paramount Resources from a “hold” rating to a “moderate buy” rating in a report on Friday, November 15th.

Paramount Resources Stock Performance

PRMRF opened at $12.84 on Tuesday. Paramount Resources has a 1-year low of $11.82 and a 1-year high of $24.84. The stock has a market cap of $1.90 billion, a P/E ratio of 7.16 and a beta of 2.49. The stock’s 50 day simple moving average is $21.03 and its 200 day simple moving average is $20.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.62 and a quick ratio of 0.62.

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.