- Paramount Resources‘ sales volume for the second quarter was 31,631 barrels of oil equivalent per day (boe/d), surpassing the estimate of 30,531 boe/d.
- Condensate and oil sales volumes were slightly under the estimate at 11,636 barrels per day (Bbl/d), compared to the expected 11,665 Bbl/d.
- Sales of Other Natural Gas Liquids (NGL) dropped 60% year-over-year to 2,786 Bbl/d, which was above the estimate of 2,352 Bbl/d.
- Total petroleum and natural gas sales were C$127.2 million, a decrease of 71% compared to the previous year, and slightly below the estimate of C$128.3 million.
- Earnings per share (EPS) for the quarter were C$0.030, a significant drop from C$0.57 year-over-year.
- Third-quarter sales volume is forecasted to range from 30,000 to 32,000 boe/d, with a previous range of 28,000 to 32,000 boe/d, and an estimate of 31,683 boe/d.
- Fourth-quarter sales volume is expected to be between 42,000 and 45,000 boe/d, previously anticipated to be between 40,000 and 45,000 boe/d.
- Annual sales volume forecast is set between 38,500 and 42,500 boe/d, an increase from the previous forecast of 37,500 to 42,500 boe/d.
- Capital expenditure is projected to remain within C$780 million to C$840 million.
- The company expects a year-end 2025 exit rate exceeding 45,000 boe/d, with liquids constituting 52% of the total.
- Analyst recommendations include 7 buys, 3 holds, and 1 sell.
“`
A look at Paramount Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Paramount Resources is positioned favorably for long-term growth and stability. With top scores in Dividend and Growth categories, the company shows strong potential for providing consistent returns to investors. Paramount also scores well in Resilience and Momentum, indicating its ability to weather market fluctuations and maintain positive performance trends.
As an oil and natural gas exploration company operating primarily in western Canada, Paramount Resources is well-positioned to benefit from the region’s resources. Investors looking for a company with a solid track record in terms of dividends, growth potential, and overall resilience may find Paramount Resources an attractive option for long-term investment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
