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.

In related news, Director Paul David Wright sold 10,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of C$18.03, for a total value of C$180,300.00. Also, Director Ronald Douglas Miller bought 3,100 shares of Parex Resources stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average cost of C$17.00 per share, with a total value of C$52,700.00. Insiders have sold a total of 318,842 shares of company stock valued at $5,138,802 in the last ninety days.

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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.

Analyst Recommendations for Parex Resources (TSE:PXT)

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