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Paramount Resources - PRMRF Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $20.06
  • Forecasted Upside: -9.91%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$22.27 As of 04/23/2024 01:00 AM ET
▲ +0.81 (3.77%)

This chart shows the closing price for PRMRF by one month, three months, or twelve months.

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Analyst Price Target for PRMRF

Analyst Price Target is $20.06
▼ -9.91% Downside Potential
This price target is based on 2 analysts offering 12 month price targets for Paramount Resources in the last 3 months. The average price target is $20.06, with a high forecast of $37.00 and a low forecast of $11.50. The average price target represents a -9.91% upside from the last price of $22.27.

This chart shows the closing price for PRMRF for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 2 investment analysts is to buy stock in Paramount Resources. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/1/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/29/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/27/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/25/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/24/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
4/9/2024BMO Capital MarketsReiterated RatingOutperform$37.00
8/3/2023Royal Bank of CanadaBoost TargetC$35.00 ➝ C$37.00
8/3/2023CIBCBoost TargetC$40.00 ➝ C$42.50
8/3/2023National Bank FinancialUpgradeSector Perform ➝ Outperform
7/14/2023Stifel NicolausLower TargetC$40.00 ➝ C$39.00
6/29/2023National Bank FinancialDowngradeOutperform ➝ Sector Perform
5/4/2023Stifel NicolausLower TargetC$41.00 ➝ C$40.00
4/18/2023National Bank FinancialBoost TargetC$37.50 ➝ C$40.00
4/14/2023CIBCLower TargetC$40.00 ➝ C$37.50
4/13/2023ScotiabankBoost TargetC$32.00 ➝ C$33.00
1/17/2023ScotiabankLower TargetC$36.00 ➝ C$32.00
1/11/2023National Bank FinancialLower TargetC$40.00 ➝ C$37.50
11/4/2022Stifel NicolausLower TargetC$43.00 ➝ C$42.00
10/13/2022ScotiabankLower TargetC$37.00 ➝ C$36.00
9/30/2022National Bank FinancialLower TargetC$45.00 ➝ C$40.00
9/19/2022ScotiabankBoost TargetC$34.00 ➝ C$37.00
7/18/2022National Bank FinancialLower TargetC$50.00 ➝ C$45.00
7/14/2022ScotiabankLower TargetC$35.00 ➝ C$34.00
6/16/2022National Bank FinancialBoost TargetC$45.00 ➝ C$50.00
6/15/2022CIBCBoost TargetC$40.00 ➝ C$50.00
5/17/2022ScotiabankBoost TargetC$33.00 ➝ C$35.00
5/5/2022BMO Capital MarketsBoost TargetC$40.00 ➝ C$45.00
5/5/2022Stifel NicolausBoost TargetC$37.50 ➝ C$47.50
4/18/2022ScotiabankBoost TargetC$31.00 ➝ C$33.00
4/14/2022CIBCBoost TargetC$35.00 ➝ C$36.00
4/14/2022National Bank FinancialBoost TargetC$35.00 ➝ C$45.00
3/3/2022BMO Capital MarketsBoost TargetC$33.00 ➝ C$35.00
3/3/2022Stifel NicolausBoost TargetC$31.00 ➝ C$37.50
3/3/2022Raymond JamesBoost TargetC$30.00 ➝ C$33.00
3/3/2022Royal Bank of CanadaBoost TargetC$30.00 ➝ C$33.00
2/4/2022National Bank FinancialBoost TargetC$30.00 ➝ C$35.00
1/7/2022National Bank FinancialBoost TargetOutperform ➝ OutperformC$28.00 ➝ C$30.00
11/5/2021CIBCBoost TargetNeutralC$27.00 ➝ C$30.00
11/5/2021BMO Capital MarketsBoost TargetOutperformC$25.00 ➝ C$30.00
11/5/2021Royal Bank of CanadaBoost TargetSector PerformC$22.00 ➝ C$25.00
11/5/2021Raymond JamesBoost TargetOutperformC$25.00 ➝ C$26.00
11/5/2021Stifel NicolausBoost TargetBuyC$22.00 ➝ C$31.00
10/15/2021CIBCBoost TargetNeutralC$20.00 ➝ C$27.00
10/14/2021ScotiabankBoost TargetSector PerformC$19.00 ➝ C$25.00
9/28/2021National BanksharesUpgradeBuy$28.00
9/28/2021National Bank FinancialUpgradeSector Perform ➝ Outperform
9/23/2021Stifel NicolausBoost TargetBuyC$20.00 ➝ C$22.00
8/5/2021Stifel NicolausBoost TargetBuyC$19.00 ➝ C$20.00
8/5/2021National Bank FinancialBoost TargetSector PerformC$18.00 ➝ C$19.00
7/15/2021ScotiabankBoost TargetSector PerformC$15.00 ➝ C$19.00
7/14/2021CIBCBoost TargetNeutralC$17.00 ➝ C$20.00
6/28/2021Stifel NicolausBoost TargetBuyC$18.50 ➝ C$19.00
6/18/2021CIBCBoost TargetNeutralC$15.00 ➝ C$17.00
6/18/2021Stifel NicolausBoost TargetBuyC$16.75 ➝ C$18.50
6/18/2021ScotiabankUpgradeUnderperform ➝ Sector Perform
5/6/2021Royal Bank of CanadaBoost TargetSector Perform$13.00 ➝ $15.00
5/6/2021BMO Capital MarketsBoost TargetOutperform$16.00 ➝ $17.00
5/6/2021Raymond JamesBoost TargetMarket Perform$10.50 ➝ $12.00
5/6/2021Stifel NicolausBoost TargetBuy$14.00 ➝ $16.75
5/6/2021CIBCUpgradeUnderperform ➝ Neutral
4/15/2021ScotiabankBoost TargetUnderperform$4.50 ➝ $10.00
3/10/2021CIBCDowngradeNeutral ➝ Underperform
3/4/2021Raymond JamesBoost TargetMarket Perform$7.00 ➝ $10.00
3/4/2021BMO Capital MarketsBoost TargetOutperform$12.00 ➝ $14.00
3/4/2021Stifel NicolausBoost TargetBuy$11.75 ➝ $14.00
3/4/2021CIBCBoost TargetNeutral$9.00 ➝ $11.50
2/19/2021National Bank FinancialReiterated RatingSector Perform
2/9/2021Royal Bank of CanadaBoost TargetSector Perform$5.00 ➝ $10.00
2/9/2021Stifel NicolausBoost TargetBuy$8.75 ➝ $11.75
2/8/2021BMO Capital MarketsUpgradeMarket Perform ➝ Outperform
1/28/2021CIBCBoost TargetNeutral$5.00 ➝ $6.50
1/27/2021Stifel NicolausBoost TargetBuy$4.50 ➝ $8.75
1/14/2021ScotiabankBoost TargetUnderperform$3.50 ➝ $4.50
12/16/2020CIBCBoost TargetNeutral$3.50 ➝ $5.00
11/18/2020ScotiabankBoost TargetUnderperform$2.25 ➝ $3.50
11/9/2020CIBCBoost TargetNeutral$3.00 ➝ $3.50
11/9/2020Stifel NicolausBoost TargetBuy$2.50 ➝ $4.50
11/9/2020TD SecuritiesBoost TargetHold$2.50 ➝ $3.25
11/6/2020BMO Capital MarketsBoost TargetMarket Perform$3.00 ➝ $4.50
10/16/2020National Bank FinancialUpgradeUnderperform ➝ Sector Perform
10/8/2020CIBCUpgradeUnderperform ➝ Neutral
9/16/2020TD SecuritiesBoost TargetHold$2.25 ➝ $2.50
8/7/2020Royal Bank of CanadaBoost TargetSector Perform$2.00 ➝ $2.25
8/7/2020BMO Capital MarketsBoost TargetMarket Perform$2.50 ➝ $3.00
8/7/2020Raymond JamesBoost TargetMarket Perform$2.00 ➝ $2.75
8/7/2020TD SecuritiesBoost TargetHold$1.65 ➝ $2.25
7/15/2020Raymond JamesReiterated RatingHold$2.00
5/25/2020Royal Bank of CanadaReiterated RatingHold$2.00
5/21/2020Credit Suisse GroupReiterated RatingSell$1.75
4/22/2020Raymond JamesReiterated RatingSell$1.00
4/14/2020Royal Bank of CanadaReiterated RatingHold$2.00
3/20/2020TD SecuritiesReiterated RatingHold$1.30
3/19/2020Stifel NicolausDowngradeHold ➝ Reduce
3/12/2020Raymond JamesDowngradeSell$1.25
12/9/2019CIBCReiterated RatingHold$7.50
11/8/2019Raymond JamesReiterated RatingBuy$8.00
10/15/2019CIBCReiterated RatingHold$6.50
7/15/2019Credit Suisse GroupInitiated CoverageUnderperform
(Data available from 4/24/2019 forward)

News Sentiment Rating

0.51 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/27/2023
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/27/2023
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/26/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/26/2023
  • 1 very positive mentions
  • 0 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/25/2024
  • 1 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/24/2024
  • 2 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/25/2024
  • 3 very positive mentions
  • 4 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
4/24/2024

Current Sentiment

  • 3 very positive mentions
  • 4 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Paramount Resources logo
Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres. The company was founded in 1976 and is based in Calgary, Canada.
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Today's Range

Now: $22.27
Low: $21.50
High: $22.35

50 Day Range

MA: $20.76
Low: $19.20
High: $23.06

52 Week Range

Now: $22.27
Low: $18.19
High: $24.95

Volume

18,764 shs

Average Volume

20,892 shs

Market Capitalization

$3.24 billion

P/E Ratio

9.52

Dividend Yield

3.02%

Beta

2.66

Frequently Asked Questions

What sell-side analysts currently cover shares of Paramount Resources?

The following sell-side analysts have issued stock ratings on Paramount Resources in the last twelve months: BMO Capital Markets, CIBC, National Bank Financial, Royal Bank of Canada, and Stifel Nicolaus.
View the latest analyst ratings for PRMRF.

What is the current price target for Paramount Resources?

4 Wall Street analysts have set twelve-month price targets for Paramount Resources in the last year. Their average twelve-month price target is $20.06, suggesting a possible downside of 9.9%. BMO Capital Markets has the highest price target set, predicting PRMRF will reach $37.00 in the next twelve months. CIBC has the lowest price target set, forecasting a price of $11.50 for Paramount Resources in the next year.
View the latest price targets for PRMRF.

What is the current consensus analyst rating for Paramount Resources?

Paramount Resources currently has 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe PRMRF will outperform the market and that investors should add to their positions of Paramount Resources.
View the latest ratings for PRMRF.

What other companies compete with Paramount Resources?

Other companies that are similar to Paramount Resources include Harbour Energy, Premier Oil, Harbour Energy, Showa Shell Sekiyu K.K. and SolarEdge Technologies. Learn More about companies similar to Paramount Resources.

How do I contact Paramount Resources' investor relations team?

Paramount Resources' physical mailing address is 421 SEVENTH AVENUE SW SUITE 2800, CALGARY A0, T2P 4K9. The company's listed phone number is (403) 290-2940 and its investor relations email address is [email protected]. The official website for Paramount Resources is www.paramountres.com. Learn More about contacing Paramount Resources investor relations.