In a report released yesterday, Jeremy Mccrea from BMO Capital maintained a Buy rating on Paramount Resources, with a price target of C$32.00.
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Jeremy Mccrea has given his Buy rating due to a combination of factors, including Paramount’s strong Q4 performance where production and cash flow both exceeded market expectations while capital spending came in below budget. He also highlights that 2026 guidance was raised on volumes without increasing the capital program, underscoring improving capital efficiency and a credible path to surpass 100 mboe/d by late 2027.
In addition, Mccrea points to the company’s high-quality Duvernay and Montney assets, where the Alhambra Plant ramp-up and Sinclair development are delivering better-than-expected well performance and solid infrastructure progress. He further notes that Paramount’s portfolio includes sizable, underrecognized long-duration assets such as Cavalier and the Horn River/Liard Basin prospects, which provide additional optionality and justify a higher target price and a Buy recommendation.
Mccrea covers the Energy sector, focusing on stocks such as Spartan Delta, Baytex Energy, and Obsidian Energy. According to TipRanks, Mccrea has an average return of 27.9% and a 64.59% success rate on recommended stocks.
In another report released today, Roth MKM also initiated coverage with a Buy rating on the stock with a C$33.00 price target.