RBC Capital analyst Michael Harvey maintained a Hold rating on Paramount Resources (OTC:PRMRF) Ltd on Wednesday, setting a price target of C$26, which is approximately 24.65% above the present share price of $16.24.
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 $22.75.
The analysts price targets range from a high of $30 to a low of $19.47.
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 $2.28 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 18.7% and a 52.82% 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.