Paramount Resources announced a major deal, closed the deal successfully, and issued a special cash dividend. Management plans significant infrastructure investments to support production growth. Paramount's strategy involves acquiring low-cost acreage early, developing it, and selling it for a premium.
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Paramount Global has an attractive valuation and strong IP, but its future is complicated by the uncertain merger with Skydance Media and TV media decline. The investment hinges on Paramount+'s and Pluto's growth outpacing TV media's decline; recent DTC growth shows promise but debt remains a concern. Paramount+ added 5.6M subscribers in Q4 2024, and Pluto TV's watch time increased 8%, indicating positive momentum towards profitability expected in 2025.
Paramount Global-B (PARA) reported earnings 30 days ago. What's next for the stock?
The entertainment companies have sparred over whose streaming service has the rights to air shows based on the hit western show.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Paramount Global PARA just sent a powerful technical signal to traders—the stock has completed a Golden Cross.
A Delaware judge is willing to consider allegations in a class action lawsuit that Paramount Global's $8 billion sale to Skydance Media should be blocked from closing because it short-changes public shareholders, according to a Thursday court filing.
JP Morgan analyst David Karnovsky maintained an Underweight rating on Paramount Global PARA with a price target of $11.
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Paramount Resources: Long-Term Strategy In View