Parex Resources Inc. (TSE:PXT) Director Paul David Wright sold 13,700 shares of Parex Resources stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of C$18.50, for a total transaction of C$253,450.00.

Paul David Wright also recently made the following trade(s):

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  • On Thursday, March 8th, Paul David Wright sold 1,300 shares of Parex Resources stock. The stock was sold at an average price of C$18.50, for a total transaction of C$24,050.00.

Shares of Parex Resources Inc. (TSE:PXT) traded up C$0.20 on Friday, reaching C$18.63. 398,429 shares of the company’s stock were exchanged, compared to its average volume of 554,071. Parex Resources Inc. has a 1 year low of C$12.19 and a 1 year high of C$19.86. The company has a market capitalization of $2,750.00, a price-to-earnings ratio of 14.40 and a beta of 0.68.

Parex Resources (TSE:PXT) last announced its quarterly earnings results on Monday, March 5th. The company reported C$0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.40 by C$0.04. Parex Resources had a net margin of 30.38% and a return on equity of 26.07%. The firm had revenue of C$203.93 million for the quarter, compared to analyst estimates of C$250.52 million.

Several research analysts recently weighed in on PXT shares. Eight Capital lifted their price objective on shares of Parex Resources from C$23.00 to C$30.00 in a research note on Monday, December 11th. Scotiabank lifted their price target on shares of Parex Resources from C$24.00 to C$26.00 and gave the company a “focus stock” rating in a research note on Wednesday, December 13th. CIBC lifted their price target on shares of Parex Resources from C$22.50 to C$25.00 in a research note on Tuesday, January 23rd. Finally, Canaccord Genuity lifted their price target on shares of Parex Resources from C$22.00 to C$24.00 in a research note on Friday, February 9th.

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About Parex Resources

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.

Insider Buying and Selling by Quarter for Parex Resources (TSE:PXT)

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