Raymond James analyst Jeremy Mccrea maintained a Buy rating on Paramount Resources (OTC:PRMRF) Ltd on Tuesday, setting a price target of C$25, which is approximately 23.35% above the present share price of $16.39.
Mccrea expects Paramount Resources Ltd to post earnings per share (EPS) of -$0.56 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Paramount Resources, with an average price target of $18.83.
The analysts price targets range from a high of $22.64 to a low of $12.94.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $299.7 million and a net profit of $6.61 million. The company's market cap is $2.19 billion.
According to TipRanks.com, Raymond James analyst Jeremy Mccrea is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.0% and a 46.67% success rate.
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.