Parex Resources Inc. (TSE:PXT) had its price target upped by TD Securities from C$16.00 to C$17.00 in a report issued on Monday. The firm currently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 3.66% from the stock’s previous close.

PXT has been the topic of several other reports. FirstEnergy Capital increased their price objective on Parex Resources from C$14.00 to C$17.00 in a research report on Thursday, August 11th. Mackie increased their price objective on Parex Resources from C$16.00 to C$16.75 and gave the company a “buy” rating in a research report on Thursday, August 11th. Scotiabank reiterated an “outperform” rating and set a C$16.00 price objective on shares of Parex Resources in a research report on Thursday, August 11th. CIBC increased their price objective on Parex Resources from C$15.00 to C$17.50 in a research report on Friday, August 12th. Finally, Canaccord Genuity increased their price objective on Parex Resources from C$15.00 to C$17.00 and gave the company a “buy” rating in a research report on Friday, August 19th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$16.42.

Analyst Recommendations for Parex Resources (TSE:PXT)

Shares of Parex Resources (TSE:PXT) opened at 16.40 on Monday. The company’s market capitalization is $2.50 billion. The stock’s 50 day moving average price is $16.31 and its 200 day moving average price is $14.51. Parex Resources has a 12-month low of $7.74 and a 12-month high of $17.94.

Parex Resources Company Profile

Parex Resources Inc is a Colombian focused, international oil and gas exploration and development company, headquartered in Calgary, Canada and publically listed on the Toronto Stock Exchange (TSX:PXT). Since inception in 2009, Parex has achieved material reserves, production and land growth. The Company holds interest in multiple blocks over 2.63 million gross acres land position in the prolific Llanos Basin and the Magdalena Basins of Colombia.

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