Insider Buying: Parex Resources Inc. (PXT) Insider Purchases 10,000 Shares of Stock
Parex Resources Inc. (TSE:PXT) insider Leo Nicholas Distefano bought 10,000 shares of Parex Resources stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of C$17.12 per share, with a total value of C$171,200.00.
Shares of Parex Resources Inc. (TSE:PXT) opened at C$17.47 on Wednesday. The firm has a market capitalization of $2,700.00, a PE ratio of 41.60 and a beta of 0.65. Parex Resources Inc. has a 12-month low of C$12.19 and a 12-month high of C$19.86.
A number of equities analysts recently issued reports on PXT shares. Eight Capital raised their target price on Parex Resources from C$23.00 to C$30.00 in a research note on Monday, December 11th. Scotiabank set a C$27.00 price target on Parex Resources and gave the stock a “focus stock” rating in a research report on Thursday, January 11th. CIBC increased their price target on Parex Resources from C$22.50 to C$25.00 in a research report on Tuesday, January 23rd. Royal Bank of Canada increased their price target on 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. Finally, Canaccord Genuity increased their price target on Parex Resources from C$22.00 to C$24.00 in a research report on Friday, February 9th.
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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