RBC Capital analyst Michael Harvey maintained a Hold rating on Paramount Resources on October 6. The company’s shares closed yesterday at $16.79.
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Harvey covers the Energy sector, focusing on stocks such as ARC Resources, Whitecap Resources, and Birchcliff Energy. According to TipRanks, Harvey has an average return of 17.6% and a 58.33% success rate on recommended stocks.
Paramount Resources has an analyst consensus of Moderate Buy, with a price target consensus of $17.86, which is a 6.35% upside from current levels. In a report released on September 25, National Bank also maintained a Hold rating on the stock with a C$27.50 price target.
Based on Paramount Resources’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $170.9 million and a net profit of $4.2 million. In comparison, last year the company earned a revenue of $461.9 million and had a net profit of $84.5 million
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRMRF in relation to earlier this year.
Read More on PRMRF:
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- Paramount Resources price target raised to C$27.50 from C$25 at National Bank
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