Analyst Price Target is C$39.69
▲ +51.94% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Paramount Resources in the last 3 months. The average price target is C$39.69, with a high forecast of C$42.50 and a low forecast of C$37.00. The average price target represents a 51.94% upside from the last price of C$26.12.
Current Consensus is
The current consensus among 7 contributing investment analysts is to moderate buy stock in Paramount Resources. This Moderate Buy consensus rating has held steady for over two years.
Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 185,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development, the Kaybob North Montney oil development and other low-decline, legacy shale gas, and conventional natural gas producing properties covering an area of 745,000 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 811,000 net acres. Paramount Resources Ltd. was founded in 1976 and is based in Calgary, Canada.