Parex Resources Inc. (PXT) Receives Consensus Rating of “Buy” from Analysts
Shares of Parex Resources Inc. (CVE:PXT) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$22.19.
A number of research analysts recently weighed in on PXT shares. Royal Bank Of Canada raised their target price on shares of Parex Resources from C$20.00 to C$24.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Scotiabank reissued a “focus stock” rating and issued a C$23.00 target price on shares of Parex Resources in a report on Thursday, October 12th. Finally, Eight Capital cut their target price on shares of Parex Resources from C$24.50 to C$22.00 in a report on Wednesday, September 27th.
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Parex Resources has a 1-year low of C$5.66 and a 1-year high of C$9.65.
Parex Resources Company Profile
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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