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National Bank of Canada Raises Paramount Resources' Price Target to $27.50

BY MT Newswires | ECONOMIC | 09/25/25 11:20 AM EDT

11:20 AM EDT, 09/25/2025 (MT Newswires) -- National Bank of Canada Wednesday increased Paramount Resources' (PRMRF) price target to $27.50 from $25 with a sector perform rating.

The company received a higher target after recently providing an operations update highlighting the value momentum being generated within the business, including the sale of its stake in NuVista Energy (NUVSF) for $300 million.

The bank said the funding supports Paramount's program that continues to advance multiple high-impact and outperforming projects.

"Paramount remains one of the most uniquely positioned vehicles in the group, focused on high-impact growth across a large and diversified asset portfolio to support long-term returns," National Bank said.

Paramount traded 1.2% higher at last look Thursday to $22.55 on the Toronto Stock Exchange.

Price: 22.59, Change: +0.31, Percent Change: +1.39

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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