tiprankstipranks
TipRanksStock Market NewsIMO NewsAnalysts Are Neutral on These Utilities Stocks: Imperial Oil (IMO), Paramount Resources (PRMRF)
Blurbs

Analysts Are Neutral on These Utilities Stocks: Imperial Oil (IMO), Paramount Resources (PRMRF)

Analysts fell to the sidelines weighing in on Imperial Oil (IMOResearch Report) and Paramount Resources (PRMRFResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Imperial Oil (IMO)

In a report issued on August 4, Gregory Pardy from RBC Capital maintained a Hold rating on Imperial Oil, with a price target of C$45.00. The company’s shares closed last Friday at $27.18.

According to TipRanks.com, Pardy is a 4-star analyst with an average return of 8.2% and a 48.6% success rate. Pardy covers the Utilities sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Cenovus Energy.

Imperial Oil has an analyst consensus of Hold, with a price target consensus of $35.78, a 31.4% upside from current levels. In a report issued on July 20, Raymond James also initiated coverage with a Hold rating on the stock with a C$43.00 price target.

See today’s analyst top recommended stocks >>

Paramount Resources (PRMRF)

In a report issued on August 4, Michael Harvey from RBC Capital maintained a Hold rating on Paramount Resources, with a price target of C$16.00. The company’s shares closed last Friday at $11.79.

According to TipRanks.com, Harvey is a 4-star analyst with an average return of 10.9% and a 48.1% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Birchcliff Energy, and Kelt Exploration.

Currently, the analyst consensus on Paramount Resources is a Moderate Buy with an average price target of $14.79, implying a 25.4% upside from current levels. In a report issued on August 5, National Bank also maintained a Hold rating on the stock with a C$19.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on IMO:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More