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TipRanksStock Market NewsCDDRF NewsAnalysts Offer Insights on Utilities Companies: Paramount Resources (OtherPRMRF) and Headwater Exploration (OtherCDDRF)
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Analysts Offer Insights on Utilities Companies: Paramount Resources (OtherPRMRF) and Headwater Exploration (OtherCDDRF)

Analysts have been eager to weigh in on the Utilities sector with new ratings on Paramount Resources (PRMRFResearch Report) and Headwater Exploration (CDDRFResearch 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 23.1% and a 50.3% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Birchcliff Energy, and Advantage Energy.

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.

See today’s best-performing stocks on TipRanks >>

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 37.0% and a 58.0% success rate. Davis covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Whitecap Resources, and Gran Tierra Energy.

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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