RBC Capital Sticks to Their Hold Rating for Paramount Resources (PRMRF)

RBC Capital analyst Michael Harvey maintained a Hold rating on Paramount Resources (PRMRFResearch Report) on January 11 and set a price target of C$5.00. The company’s shares closed last Tuesday at $4.67.

According to TipRanks.com, Harvey is a 4-star analyst with an average return of 6.0% and a 49.2% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Advantage Oil & Gas, and Birchcliff Energy.

Paramount Resources has an analyst consensus of Hold, with a price target consensus of $3.66, implying a -19.9% downside from current levels. In a report issued on December 28, National Bank also maintained a Hold rating on the stock with a C$3.75 price target.

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The company has a one-year high of $5.80 and a one-year low of $0.58. Currently, Paramount Resources has an average volume of 10.77K.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock.

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Paramount Resources Ltd. explores and develops both conventional and unconventional petroleum and natural gas resources. It operates through the following regions: Grande Prairie Region, Kaybob Region and Central Alberta and Other Region. The company was founded by Clayton H. Riddell on February 14, 1978 and is headquartered in Calgary, Canada.