Parex Resources (PXT) PT Raised to C$30.00 at Eight Capital
Parex Resources (TSE:PXT) had its price objective upped by stock analysts at Eight Capital from C$23.00 to C$30.00 in a research report issued on Monday. Eight Capital’s price target points to a potential upside of 84.62% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Scotiabank reiterated a “focus stock” rating and issued a C$24.00 target price on shares of Parex Resources in a research note on Thursday, November 23rd. Royal Bank Of Canada boosted their price objective on shares of 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 issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$23.19.
Parex Resources (PXT) traded up C$0.26 during trading hours on Monday, hitting C$16.25. 529,362 shares of the stock were exchanged, compared to its average volume of 381,812. Parex Resources has a 52 week low of C$12.19 and a 52 week high of C$18.46.
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Parex Resources Company Profile
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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