Parex Resources Inc. (OTCMKTS:PARXF – Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $18.21 and traded as low as $17.0705. Parex Resources shares last traded at $17.12, with a volume of 79,587 shares.
Wall Street Analysts Forecast Growth
Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Parex Resources in a report on Monday, October 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Parex Resources
Parex Resources Stock Down 17.2%
The firm has a 50 day moving average of $19.79 and a two-hundred day moving average of $18.23.
About Parex Resources
Parex Resources Inc is a Canadian independent oil and gas exploration and production company headquartered in Calgary, Alberta. The company focuses primarily on the exploration, development and production of crude oil and natural gas in Colombia.
Parex’s operations are concentrated in Colombia’s Llanos and Middle Magdalena basins, where it holds interests in a portfolio of producing fields and exploration properties. Its activities include seismic evaluation, drilling, field development, production optimization and related infrastructure management.
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