Parex Resources Inc. (TSE:PXT) insider Leo Nicholas Distefano purchased 10,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of C$17.12 per share, for a total transaction of C$171,200.00.
Shares of Parex Resources Inc. (TSE:PXT) traded up C$0.79 during midday trading on Monday, hitting C$17.87. 531,668 shares of the company traded hands, compared to its average volume of 534,240. Parex Resources Inc. has a 12 month low of C$12.19 and a 12 month high of C$19.86. The stock has a market capitalization of $2,650.00, a P/E ratio of 40.67 and a beta of 0.65.
Several research analysts have commented on the stock. CIBC lifted their price target on shares of Parex Resources from C$22.50 to C$25.00 in a research note on Tuesday, January 23rd. Scotiabank set a C$27.00 price target on shares of Parex Resources and gave the stock a “focus stock” rating in a research note on Thursday, January 11th. Royal Bank of Canada lifted their price target on shares of Parex Resources from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Canaccord Genuity lifted their price target on shares of Parex Resources from C$22.00 to C$24.00 in a research note on Friday. Finally, Eight Capital lifted their price target on shares of Parex Resources from C$23.00 to C$30.00 in a research note on Monday, December 11th.
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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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