Analysts have been eager to weigh in on the Utilities sector with new ratings on Paramount Resources (PRMRF – Research Report) and Headwater Exploration (CDDRF – Research Report).
Paramount Resources (PRMRF)
RBC Capital analyst Michael Harvey maintained a Hold rating on Paramount Resources on June 30 and set a price target of C$46.00. The company’s shares closed last Friday at $23.43.
According to TipRanks.com, Harvey is a 5-star analyst with an average return of
Paramount Resources has an analyst consensus of Moderate Buy, with a price target consensus of $34.61, which is a 44.5% upside from current levels. In a report issued on June 15, CIBC also maintained a Hold rating on the stock with a C$50.00 price target.
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Headwater Exploration (CDDRF)
In a report issued on June 30, Luke Davis from RBC Capital maintained a Buy rating on Headwater Exploration, with a price target of C$10.00. The company’s shares closed last Friday at $4.35.
According to TipRanks.com, Davis is a top 100 analyst with an average return of
Currently, the analyst consensus on Headwater Exploration is a Strong Buy with an average price target of $7.98, representing an 83.4% upside. In a report issued on June 16, National Bank also maintained a Buy rating on the stock with a C$10.50 price target.
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