Parex Resources (OTCMKTS:PARXF – Get Free Report) is projected to release its resultson Friday, July 31st. Analysts expect Parex Resources to announce earnings of $0.9180 per share and revenue of $233.3880 million for the quarter.
Parex Resources Stock Up 0.6%
Shares of Parex Resources stock opened at $17.06 on Friday. Parex Resources has a twelve month low of $10.52 and a twelve month high of $22.14. The firm’s 50-day moving average price is $17.31 and its 200 day moving average price is $17.22.
Analyst Ratings Changes
Separately, Scotiabank reissued a “sector perform” rating on shares of Parex Resources in a report on Monday, June 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Parex Resources Company Profile
Parex Resources Inc is a Canada-based exploration and production company primarily engaged in the acquisition, development and production of oil resources. The company holds a portfolio of prolific onshore blocks in Colombia, targeting both light and medium crude oil. Parex employs a strategic exploration approach, integrating seismic studies and advanced drilling techniques to optimize reservoir development and enhance recovery rates.
Headquartered in Calgary, Alberta, Parex has focused its operations on Colombia’s Llanos Basin and the Caguan and Putumayo basins.
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