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 (TSE:PXT) last issued its quarterly earnings data on Tuesday, November 6th. The company reported C$0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.64 by C$0.08. The company had revenue of C$327.92 million for the quarter, compared to the consensus estimate of C$276.37 million. On average, research analysts anticipate that Parex Resources will post 2.54999991799943 EPS for the current fiscal year.

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.

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