Eight Capital Boosts Parex Resources (PXT) Price Target to C$25.50
Parex Resources (TSE:PXT) had its price target increased by research analysts at Eight Capital from C$24.50 to C$25.50 in a report issued on Friday. Eight Capital’s price target suggests a potential upside of 36.15% from the company’s previous close.
PXT has been the subject of a number of other reports. GMP Securities lowered their price objective on Parex Resources from C$32.00 to C$27.00 in a research report on Thursday, December 13th. Cormark lowered their price objective on Parex Resources from C$35.00 to C$32.00 in a research report on Tuesday, October 9th.
Shares of PXT traded up C$0.68 during mid-day trading on Friday, reaching C$18.73. 754,006 shares of the company were exchanged, compared to its average volume of 1,039,717. Parex Resources has a 52 week low of C$13.62 and a 52 week high of C$26.78.
Parex Resources Company Profile
Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 1,574,279 gross acres. As of December 31, 2017, it had proved plus probable reserves of 162.236 million barrels of oil equivalent.
Further Reading: What is the Federal Reserve?
Receive News & Ratings for Parex Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parex Resources and related companies with MarketBeat.com's FREE daily email newsletter.