Parex Resources (TSE:PXT - Get Free Report) had its target price increased by investment analysts at BMO Capital Markets from C$14.00 to C$16.00 in a research note issued on Wednesday,BayStreet.CA reports. BMO Capital Markets' price target suggests a potential upside of 7.60% from the company's previous close.
Separately, Royal Bank of Canada reduced their price target on Parex Resources from C$17.00 to C$15.00 in a research report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$22.08.
Read Our Latest Stock Analysis on PXT
Parex Resources Stock Performance
Shares of TSE:PXT traded down C$0.29 during mid-day trading on Wednesday, reaching C$14.87. The company had a trading volume of 852,402 shares, compared to its average volume of 524,070. The company's 50-day moving average price is C$14.46 and its 200-day moving average price is C$15.60. Parex Resources has a one year low of C$11.33 and a one year high of C$24.88. The firm has a market cap of C$1.50 billion, a price-to-earnings ratio of 3.55, a PEG ratio of 0.21 and a beta of 1.43. The company has a current ratio of 1.14, a quick ratio of 1.45 and a debt-to-equity ratio of 2.90.
Insider Buying and Selling at Parex Resources
In other news, Senior Officer Cam Grainger bought 13,500 shares of the business's stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of C$13.45 per share, with a total value of C$181,575.00. Company insiders own 1.64% of the company's stock.
About Parex Resources
(
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Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations.
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