RBC Capital analyst Michael Harvey maintained a Hold rating on Paramount Resources yesterday and set a price target of C$35.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Harvey is a top 100 analyst with an average return of 26.4% and a 68.08% success rate. Harvey covers the Energy sector, focusing on stocks such as Tourmaline Oil, Whitecap Resources, and Advantage Energy.
In addition to RBC Capital, Paramount Resources also received a Hold from Desjardins’s Chris MacCulloch in a report issued on June 26. However, yesterday, CIBC assigned a Buy rating to Paramount Resources (Other OTC: PRMRF).
The company has a one-year high of C$33.44 and a one-year low of C$19.37. Currently, Paramount Resources has an average volume of 275.3K.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRMRF in relation to earlier this year.
