Parex Resources Inc. (CVE:PXT) insider Michael Kruchten sold 3,842 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of C$17.96, for a total transaction of C$69,002.32.
Shares of Parex Resources Inc. (CVE PXT) opened at C$17.60 on Tuesday. Parex Resources Inc. has a 1 year low of C$12.19 and a 1 year high of C$18.46.
PXT has been the subject of several research reports. Royal Bank Of Canada raised their price objective on shares of Parex Resources from C$20.00 to C$24.00 and gave the company an “outperform” rating in a research report on Friday. Scotiabank restated a “focus stock” rating and issued a C$23.00 price objective on shares of Parex Resources in a research report on Thursday, October 12th. Finally, Eight Capital lowered their price objective on shares of Parex Resources from C$24.50 to C$22.00 in a research report on Wednesday, September 27th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$22.19.
About Parex Resources
Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in South America. It holds interests in onshore exploration and production blocks totaling approximately 2,091,404 gross acres in Colombia. The company has proved plus probable reserves of 41.1 million barrels of oil equivalent.
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