Parex Resources (PARXF) to Release Quarterly Earnings on Friday

Parex Resources (OTCMKTS:PARXF) is expected to be announcing its resultson Friday, July 31st. Analysts expect the company to post earnings of $0.9180 per share and revenue of $233.3880 million for the quarter.

Parex Resources Price Performance

Shares of Parex Resources stock opened at $15.87 on Wednesday. The business has a 50 day simple moving average of $17.10 and a two-hundred day simple moving average of $17.29. Parex Resources has a 12 month low of $10.52 and a 12 month high of $22.14.

Analyst Ratings Changes

Separately, Scotiabank reiterated a “sector perform” rating on shares of Parex Resources in a research report on Monday, June 22nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Parex Resources Company Profile

Parex Resources Inc is a Canada-based exploration and production company primarily engaged in the acquisition, development and production of oil resources. The company holds a portfolio of prolific onshore blocks in Colombia, targeting both light and medium crude oil. Parex employs a strategic exploration approach, integrating seismic studies and advanced drilling techniques to optimize reservoir development and enhance recovery rates.

Headquartered in Calgary, Alberta, Parex has focused its operations on Colombia’s Llanos Basin and the Caguan and Putumayo basins.