Parex Resources Inc. (TSE:PXT) had its target price lifted by Scotiabank from C$23.00 to C$24.00 in a report issued on Wednesday. They currently have a focus stock rating on the stock.

Separately, Eight Capital lowered their price objective on Parex Resources from C$24.50 to C$22.00 in a research note on Wednesday, September 27th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of C$22.19.

Shares of Parex Resources (TSE PXT) opened at C$17.78 on Wednesday. Parex Resources has a 12-month low of C$12.19 and a 12-month high of C$18.46.

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In related news, insider Wayne Kim Foo sold 300,000 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of C$16.00, for a total value of C$4,800,000.00. Also, insider Eric Furlan acquired 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of C$13.25 per share, for a total transaction of C$39,750.00.

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.

Analyst Recommendations for Parex Resources (TSE:PXT)

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