RBC Capital analyst Michael Harvey maintained a Hold rating on Paramount Resources (OTC:PRMRF) Ltd on Monday, setting a price target of C$25, which is approximately 9.07% above the present share price of $18.05.
Harvey expects Paramount Resources Ltd to post earnings per share (EPS) of $2.20 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 $22.85.
The analysts price targets range from a high of $30 to a low of $19.69.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $369.14 million and a net profit of $121.2 million. The company's market cap is $2.4 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 20.0% and a 52.57% 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.