RBC Capital analyst Michael Harvey maintained a Hold rating on Paramount Resources (OTC:PRMRF) Ltd on Monday, setting a price target of C$16, which is approximately 19.70% below the present share price of $15.83.
Harvey expects Paramount Resources Ltd to post earnings per share (EPS) of -$0.56 for the fourth quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Paramount Resources, with an average price target of $16.55.
The analysts price targets range from a high of $22.25 to a low of $12.71.
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 $2.11 billion.
According to TipRanks.com, RBC Capital analyst Michael Harvey is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.2% and a 53.19% 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.