Parex Resources (PXT) Stock Forecast & Price Target

C$14.93 -0.09 (-0.60%)

(As of 11/20/2024 ET)

Parex Resources - Analysts' Recommendations and Stock Price Forecast (2024)

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

Hold

Based on 6 Analyst Ratings

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
46.39% 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 46.39% from the current price of C$14.93.

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PXT Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
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)	1 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 Target	C$21.86	C$22.97	C$28.25	C$33.08
Forecasted Upside	46.39% Upside	76.29% Upside	63.20% Upside	23.12% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Buy

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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.

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.

Parex Resources Stock vs. The Competition

Type	Parex Resources	Energy Companies
Consensus Rating Score	2.33	2.81
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Positive News See Recent PXT News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/7/2024	BMO Capital Markets 4 of 5 stars	J. Mccrea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$13.00 ➝ C$14.00	-1.82%
9/17/2024	Royal Bank of Canada 4 of 5 stars	G. Pardy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$17.00 ➝ C$15.00	+23.15%
8/30/2024	Eight Capital 5 of 5 stars	P. Skolnick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	C$32.50 ➝ C$16.00	+19.76%
8/30/2024	Haywood Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$33.00 ➝ C$25.00	+87.13%
8/30/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$23.00 ➝ C$19.00	+42.22%
8/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$23.80 ➝ C$19.50	+50.00%
Get the Latest News and Ratings for PXT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Parex Resources and its competitors with MarketBeat's FREE daily newsletter.
8/1/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$33.00 ➝ C$30.00	+62.16%
3/4/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$32.75 ➝ C$31.00	+50.41%
1/16/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$28.70 ➝ C$27.20	+23.75%
10/26/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$33.00 ➝ C$34.00	+36.82%
4/20/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$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 Thursday at 07:05 AM 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 research analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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 46.39% based on their 12-month stock forecasts.
: Over the previous 90 days, Parex Resources's stock had 2 downgrades by analysts.
: Parex Resources has been rated by research analysts at BMO Capital Markets, Eight Capital, Haywood Securities, Jefferies Financial Group, Royal Bank of Canada, and Scotiabank 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.

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This page (TSE:PXT) was last updated on 11/21/2024 by MarketBeat.com Staff

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Parex Resources (PXT) Stock Forecast & Price Target