Parex Resources (OTCMKTS:PARXF – Get Free Report) is anticipated to release its results before the market opens on Thursday, March 5th. Analysts expect Parex Resources to post earnings of $0.3167 per share for the quarter.
Parex Resources Stock Down 0.1%
Shares of OTCMKTS:PARXF opened at $16.02 on Wednesday. The company has a 50 day moving average price of $14.49 and a two-hundred day moving average price of $13.51. Parex Resources has a 52 week low of $7.31 and a 52 week high of $16.50.
Analysts Set New Price Targets
Separately, Roth Mkm began coverage on Parex Resources in a research report on Friday, December 12th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Parex Resources presently has a consensus rating of “Moderate Buy”.
Parex Resources Company Profile
Parex Resources Inc is a Canada-based exploration and production company primarily engaged in the acquisition, development and production of oil resources. The company holds a portfolio of prolific onshore blocks in Colombia, targeting both light and medium crude oil. Parex employs a strategic exploration approach, integrating seismic studies and advanced drilling techniques to optimize reservoir development and enhance recovery rates.
Headquartered in Calgary, Alberta, Parex has focused its operations on Colombia’s Llanos Basin and the Caguan and Putumayo basins.
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