Parex Resources Inc (TSE:PXT)’s share price shot up 4.1% during trading on Friday . The company traded as high as C$20.19 and last traded at C$20.13. 228,332 shares changed hands during trading, a decline of 71% from the average session volume of 777,599 shares. The stock had previously closed at C$19.34.

A number of research firms recently commented on PXT. Haywood Securities lowered their price target on shares of Parex Resources from C$29.00 to C$28.00 in a research report on Thursday, January 17th. Eight Capital raised their price target on shares of Parex Resources from C$24.50 to C$25.50 in a research report on Friday, January 11th. Finally, GMP Securities raised their price target on shares of Parex Resources from C$27.00 to C$28.50 in a research report on Monday, February 11th.

The stock has a market capitalization of $3.13 billion and a P/E ratio of 7.92.

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Parex Resources Company Profile (TSE:PXT)

Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 1,574,279 gross acres. As of December 31, 2017, it had proved plus probable reserves of 162.236 million barrels of oil equivalent.

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