Macquarie Downgrades Paramount Resources (PRMRF) to Neutral

Paramount Resources (OTCMKTS:PRMRF) was downgraded by research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

Several other equities analysts also recently commented on the stock. CIBC reissued a “hold” rating on shares of Paramount Resources in a research note on Wednesday, November 21st. Scotiabank reissued a “hold” rating on shares of Paramount Resources in a research note on Tuesday, November 13th. Royal Bank of Canada reissued a “hold” rating on shares of Paramount Resources in a research note on Monday, November 12th. TD Securities reaffirmed a “hold” rating on shares of Paramount Resources in a research note on Friday, November 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Paramount Resources in a research note on Friday, November 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Paramount Resources presently has an average rating of “Hold”.

Shares of OTCMKTS:PRMRF opened at $5.36 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. Paramount Resources has a one year low of $5.36 and a one year high of $16.23.

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 located in Alberta and British Columbia. The company also invests in public and private corporations. Paramount Resources Ltd.

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Analyst Recommendations for Paramount Resources (OTCMKTS:PRMRF)

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