BMO Capital Markets on Wednesday maintained its outperform rating on the shares of Paramount Resources (POU.TO) while raising its price target to C$32.00 from an undisclosed prior level following the oil and gas producer's fourth-quarter results.
"We view Paramount as a distinctive E&P company with several underappreciated, non-producing assets that investors have largely overlooked, including its long-term holdings in Cavalier, Sinclair, and the Horn River/Liard Basin gas prospects. Paramount delivered an active Q4, cash flow beat, with production volumes surpassing expectations thanks to strong performance at the Alhambra Plant. Paramount increased its 2026 guidance, highlighted operational efficiencies. With a clear path to exceed 100 mboe/d by end of 2027, the growth outlook remains compelling for investors. We raise our target price to $32," analyst Jeremy McCrea wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 29.53, Change: +0.11, Percent Change: +0.37
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