In a report released yesterday, Jamie Kubik from CIBC maintained a Buy rating on Paramount Resources, with a price target of C$26.00. The company’s shares closed yesterday at $15.91.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Kubik covers the Energy sector, focusing on stocks such as Precision Drilling, Paramount Resources, and Tamarack Valley Energy. According to TipRanks, Kubik has an average return of 11.3% and a 53.42% success rate on recommended stocks.
Currently, the analyst consensus on Paramount Resources is a Moderate Buy with an average price target of $17.65.
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:
Disclaimer & DisclosureReport an Issue
- Paramount Resources Completes NuVista Share Sale and Declares October Dividend
- Paramount Resources price target raised to C$27.50 from C$25 at National Bank
- Paramount Resources price target raised to C$26 from C$23 at RBC Capital
- Paramount Resources Declares September Dividend
- Paramount Resources Reports Q2 2025 Results and Updates
/Cisco%20Systems%2C%20Inc_%20magnified%20logo-by%20Pavel%20Kapysh%20via%20Shutterstock.jpg)
/NVIDIA%20Corp%20logo%20on%20phone%20and%20AI%20chip-by%20Below%20the%20Sky%20via%20Shutterstock.jpg)