Parex Resources (PXT) Given New C$26.00 Price Target at Scotiabank
A number of other research analysts have also weighed in on PXT. Royal Bank of Canada boosted their target price on shares of Parex Resources from C$20.00 to C$24.00 and gave the stock an outperform rating in a research report on Friday, November 10th. Eight Capital cut their target price on shares of Parex Resources from C$24.50 to C$22.00 in a research report on Wednesday, September 27th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of C$23.44.
Parex Resources (TSE PXT) traded up C$0.31 during mid-day trading on Wednesday, hitting C$16.82. 414,762 shares of the company traded hands, compared to its average volume of 381,475. Parex Resources has a 1-year low of C$12.19 and a 1-year high of C$18.46.
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About Parex Resources
Parex Resources, Inc is a Canada-based oil and gas company. The Company is engaged in crude oil exploration, development and production in Colombia. The Company’s segments include Canada and Colombia. The Company, through its foreign subsidiaries, holds interests in onshore exploration and production blocks totaling approximately 1,870,120 gross acres.
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