Analyst Sam Burwell from Jefferies maintained a Buy rating on Paramount Resources and increased the price target to C$36.00 from C$35.00.
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Sam Burwell has given his Buy rating due to a combination of factors, including Paramount Resources’ strong operational execution and improved outlook. The company exceeded expectations on both production and cash flow per share, with standout performance from the Alhambra asset that prompted an increase in first-half 2026 production guidance and an upward revision of the price target from $35 to $36.
At the same time, Paramount lowered its capital spending plans for 2026 and 2027, highlighting better capital efficiency and disciplined investment. Key growth projects such as the accelerated Phase 2 start-up at Alhambra and the higher plateau target at Willesden Green, alongside on-schedule progress at Sinclair and ample liquidity to fund planned outspend, underpin Burwell’s confidence in the company’s long-term value creation potential.
In another report released on April 28, ATB Cormark Capital Markets also maintained a Buy rating on the stock with a C$36.00 price target.