Parex Resources (PARXF) Set to Post Earnings on Friday

Parex Resources (OTCMKTS:PARXF) is projected to issue its resultson Friday, November 6th. Analysts expect Parex Resources to post earnings of $1.12 per share and revenue of $386.44 million for the quarter.

Parex Resources Trading Down 7.4%

Shares of Parex Resources stock opened at $17.12 on Thursday. Parex Resources has a 52-week low of $12.20 and a 52-week high of $22.14. The company has a 50 day moving average of $19.96 and a 200 day moving average of $18.21.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reiterated a “sector perform” rating on shares of Parex Resources in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Parex Resources

Parex Resources Inc is a Canadian independent oil and gas exploration and production company headquartered in Calgary, Alberta. The company focuses primarily on the exploration, development and production of crude oil and natural gas in Colombia.

Parex’s operations are concentrated in Colombia’s Llanos and Middle Magdalena basins, where it holds interests in a portfolio of producing fields and exploration properties. Its activities include seismic evaluation, drilling, field development, production optimization and related infrastructure management.