Parex Resources Inc. (TSE:PXT) insider David Robert Taylor sold 34,793 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of C$18.19, for a total value of C$632,884.67.

Shares of Parex Resources Inc. (PXT) traded down C$0.60 during trading on Friday, hitting C$17.01. The stock had a trading volume of 693,066 shares, compared to its average volume of 520,322. The firm has a market cap of $2,740.00, a price-to-earnings ratio of 40.12 and a beta of 0.65. Parex Resources Inc. has a fifty-two week low of C$12.19 and a fifty-two week high of C$19.86.

Parex Resources (TSE:PXT) last announced its quarterly earnings results on Tuesday, November 7th. The company reported C$0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.26 by C$0.18. The business had revenue of C$200.60 million during the quarter, compared to analyst estimates of C$194.33 million. Parex Resources had a return on equity of 27.78% and a net margin of 37.80%.

A number of brokerages have commented on PXT. Canaccord Genuity raised their price objective on Parex Resources from C$22.00 to C$24.00 in a research report on Friday. Scotiabank restated a “focus stock” rating and set a C$24.00 price objective on shares of Parex Resources in a research report on Thursday, November 23rd. CIBC raised their price objective on Parex Resources from C$22.50 to C$25.00 in a research report on Tuesday, January 23rd. Eight Capital raised their price objective on Parex Resources from C$23.00 to C$30.00 in a research report on Monday, December 11th. Finally, Royal Bank of Canada raised their price objective 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. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$24.57.

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Parex Resources Company Profile

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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