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Paramount Resources posts 3Q profit

CALGARY, Alberta (AP) _ Paramount Resources Ltd. (PRMRF) on Thursday reported third-quarter net income of $178.3 million.

The Calgary, Alberta-based company said it had profit of $1.57 per share. Earnings, adjusted for non-recurring gains, were 48 cents per share.

The oil and natural gas company posted revenue of $93 million in the period.

Paramount Resources shares have climbed 42 percent since the beginning of the year. The stock has risen 81 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRMRF at https://www.zacks.com/ap/PRMRF