Insider Selling: Parex Resources Inc. (PXT) Insider Sells 30,000 Shares of Stock

Parex Resources Inc. (TSE:PXT) insider Leo Nicholas Distefano sold 30,000 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of C$13.95, for a total transaction of C$418,500.00.

Leo Nicholas Distefano also recently made the following trade(s):

  • On Friday, February 9th, Leo Nicholas Distefano acquired 10,000 shares of Parex Resources stock. The stock was purchased at an average price of C$17.12 per share, with a total value of C$171,200.00.

Shares of Parex Resources Inc. (TSE:PXT) traded up C$0.02 during trading on Monday, hitting C$17.94. 510,887 shares of the stock were exchanged, compared to its average volume of 508,584. Parex Resources Inc. has a twelve month low of C$12.19 and a twelve month high of C$19.86. The firm has a market capitalization of $2,770.00, a PE ratio of 14.02 and a beta of 0.68.

A number of analysts have recently weighed in on PXT shares. Eight Capital boosted their price objective on shares of Parex Resources from C$23.00 to C$30.00 in a research note on Monday, December 11th. Scotiabank boosted their price objective on shares of Parex Resources from C$24.00 to C$26.00 and gave the stock a “focus stock” rating in a research note on Wednesday, December 13th. CIBC boosted their price objective on shares of Parex Resources from C$22.50 to C$25.00 in a research note on Tuesday, January 23rd. Finally, Canaccord Genuity boosted their price objective on shares of Parex Resources from C$22.00 to C$24.00 in a research note on Friday, February 9th.

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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.

Insider Buying and Selling by Quarter for Parex Resources (TSE:PXT)

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