RBC Capital analyst Michael Harvey maintained a Hold rating on Paramount Resources (PRMRF – Research Report) yesterday and set a price target of C$19.00. The company’s shares closed yesterday at $11.51.
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According to TipRanks, Harvey is a 5-star analyst with an average return of 12.0% and a 45.87% success rate. Harvey covers the Energy sector, focusing on stocks such as Whitecap Resources, Birchcliff Energy, and Paramount Resources.
In addition to RBC Capital, Paramount Resources also received a Hold from Raymond James’s Luke Davis in a report issued on April 7. However, on April 11, Scotiabank maintained a Buy rating on Paramount Resources (Other OTC: PRMRF).
PRMRF market cap is currently $1.65B and has a P/E ratio of 6.84.
Based on the recent corporate insider activity of 84 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:
- Paramount Resources price target lowered to C$29 from C$31 at Scotiabank
- Paramount Resources price target lowered to C$22 from C$24.50 at CIBC
- Paramount Resources initiated with a Market Perform at Raymond James
- Paramount Resources Reports Strong 2024 Financial Results
- Paramount Resources Declares April Dividend
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