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Parex Resources (PXT) Stock Forecast & Price Target

Parex Resources logo
C$13.77 +0.27 (+2.00%)
(As of 12:33 PM ET)

Parex Resources - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
4
Buy
2

Based on 6 Wall Street analysts who have issued ratings for Parex Resources in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 4 have given a hold rating, and 2 have given a buy rating for PXT.

Consensus Price Target

C$21.86
58.72% Upside
According to the 6 analysts' twelve-month price targets for Parex Resources, the average price target is C$21.86. The highest price target for PXT is C$31.00, while the lowest price target for PXT is C$14.00. The average price target represents a forecasted upside of 58.72% from the current price of C$13.77.
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PXT Analyst Ratings Over Time

TypeCurrent Forecast
12/31/23 to 12/30/24
1 Month Ago
12/1/23 to 11/30/24
3 Months Ago
10/2/23 to 10/1/24
1 Year Ago
12/31/22 to 12/31/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$21.86C$21.86C$22.97C$33.08
Forecasted Upside58.72% Upside46.00% Upside85.24% Upside32.60% Upside
Consensus Rating
Hold
Hold
Hold
Buy

PXT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PXT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Parex Resources Stock vs. The Competition

TypeParex ResourcesEnergy Companies
Consensus Rating Score
2.33
2.81
Consensus RatingHoldModerate Buy
News Sentiment Rating
Positive News

See Recent PXT News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/7/2024BMO Capital Markets
4 of 5 stars
J. Mccrea
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Boost TargetC$13.00 ➝ C$14.00-1.82%
9/17/2024Royal Bank of Canada
4 of 5 stars
G. Pardy
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Lower TargetC$17.00 ➝ C$15.00+23.15%
8/30/2024Eight Capital
5 of 5 stars
P. Skolnick
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DowngradeBuy ➝ NeutralC$32.50 ➝ C$16.00+19.76%
8/30/2024Haywood Securities
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 Lower TargetBuyC$33.00 ➝ C$25.00+87.13%
8/30/2024Scotiabank
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 Lower TargetSector PerformC$23.00 ➝ C$19.00+42.22%
8/29/2024Jefferies Financial Group
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 Lower TargetC$23.80 ➝ C$19.50+50.00%
8/1/2024Cormark
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 Lower TargetC$33.00 ➝ C$30.00+62.16%
3/4/2024Stifel Nicolaus
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 Lower TargetBuyC$32.75 ➝ C$31.00+50.41%
1/16/2024TD Securities
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 Lower TargetC$28.70 ➝ C$27.20+23.75%
10/26/2023Canaccord Genuity Group
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 Boost TargetC$33.00 ➝ C$34.00+36.82%
4/20/2023Barclays
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 Boost TargetC$29.00 ➝ C$34.00+24.54%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 12:54 PM ET.


PXT Forecast - Frequently Asked Questions

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Parex Resources is C$21.86, with a high forecast of C$31.00 and a low forecast of C$14.00.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PXT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PXT, but not buy additional shares or sell existing shares.

According to analysts, Parex Resources's stock has a predicted upside of 58.72% based on their 12-month stock forecasts.

Parex Resources has been rated by research analysts at BMO Capital Markets in the past 90 days.

Analysts like Parex Resources less than other "energy" companies. The consensus rating for Parex Resources is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how PXT compares to other companies.


This page (TSE:PXT) was last updated on 12/30/2024 by MarketBeat.com Staff
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