Parex Resources PT Raised to C$10.25 at Paradigm Capital (PXT)
Stock analysts at Paradigm Capital lifted their price target on shares of Parex Resources (TSE:PXT) from C$9.75 to C$10.25 in a report issued on Friday, StockRatingsNetwork reports. Paradigm Capital’s target price indicates a potential upside of 53.21% from the company’s current price.
Shares of Parex Resources (TSE:PXT) opened at 6.69 on Friday. Parex Resources has a one year low of $4.05 and a one year high of $7.03. The stock has a 50-day moving average of $6.45 and a 200-day moving average of $5.80.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James reiterated a “sector perform” rating on shares of Parex Resources in a research note to investors on Wednesday, December 11th. Analysts at Salman Partners raised their price target on shares of Parex Resources from C$8.80 to C$9.30 in a research note to investors on Wednesday, November 20th. They now have a “top pick” rating on the stock. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$8.95.
Parex Resources Inc (TSE:PXT) is engaged in oil and natural gas exploration, development and production in South America and the Caribbean region.
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