Parex Resources (PXT) Price Target Increased to C$30.00 by Analysts at Eight Capital
Other analysts have also issued research reports about the company. Scotiabank upped their price objective on Parex Resources from C$23.00 to C$24.00 and gave the company a focus stock rating in a research note on Wednesday, November 8th. Royal Bank of Canada increased their target price on Parex Resources from C$20.00 to C$24.00 and gave the stock an outperform rating in a research note on Friday, November 10th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$23.44.
Shares of Parex Resources (PXT) opened at C$16.48 on Monday. Parex Resources has a 52 week low of C$12.19 and a 52 week high of C$18.46.
In related news, insider Eric Furlan sold 5,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of C$17.90, for a total transaction of C$89,500.00. Also, Director Ronald Douglas Miller purchased 3,100 shares of Parex Resources stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average cost of C$17.00 per share, for a total transaction of C$52,700.00. Insiders have sold 318,842 shares of company stock worth $5,138,802 in the last three months.
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.
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