A number of other analysts have also recently weighed in on PXT. Eight Capital reduced their price target on Parex Resources from C$24.50 to C$22.00 in a research report on Wednesday, September 27th. Royal Bank of Canada boosted their price target on Parex Resources from C$20.00 to C$24.00 and gave the stock an outperform rating in a research report on Friday, November 10th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Parex Resources has an average rating of Buy and an average price target of C$23.56.
Shares of Parex Resources (TSE PXT) opened at C$19.21 on Thursday. The stock has a market capitalization of $2,970.00, a price-to-earnings ratio of 46.85 and a beta of 0.63. Parex Resources has a 12-month low of C$12.19 and a 12-month high of C$19.34.
About Parex Resources
Parex Resources, Inc is a Canada-based oil and gas company. The Company is engaged in crude oil exploration, development and production in Colombia. The Company’s segments include Canada and Colombia. The Company, through its foreign subsidiaries, holds interests in onshore exploration and production blocks totaling approximately 1,870,120 gross acres.
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