RBC Capital Maintains Their Hold Rating on Paramount Resources (PRMRF)

In a report released yesterday, Michael Harvey from RBC Capital maintained a Hold rating on Paramount Resources (PRMRF), with a price target of C$3.00. The company’s shares closed last Monday at $2.39.

According to TipRanks.com, Harvey is a 4-star analyst with an average return of 3.4% and a 46.7% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Advantage Oil & Gas, and Birchcliff Energy.

Currently, the analyst consensus on Paramount Resources is a Hold with an average price target of $2.37, implying a 5.3% upside from current levels. In a report issued on November 2, CIBC also maintained a Hold rating on the stock with a C$3.00 price target.

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The company has a one-year high of $6.00 and a one-year low of $0.58. Currently, Paramount Resources has an average volume of 12.13K.

Based on the recent corporate insider activity of 25 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.

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