Parex Resources Inc. (TSE:PXT) had its price target upped by Royal Bank Of Canada from C$16.00 to C$17.50 in a research note published on Wednesday, StockTargetPrices.com reports. They currently have an outperform rating on the stock.
A number of other research firms have also weighed in on PXT. FirstEnergy Capital reissued an outperform rating on shares of Parex Resources in a research report on Friday, September 9th. Canaccord Genuity raised their price target on shares of Parex Resources from C$17.00 to C$20.00 and gave the company a buy rating in a research report on Friday, September 9th. Haywood Securities raised their price target on shares of Parex Resources from C$18.00 to C$21.00 and gave the company a buy rating in a research report on Tuesday, August 23rd. CIBC raised their price target on shares of Parex Resources from C$15.00 to C$17.50 in a research report on Friday, August 12th. Finally, TD Securities reissued a hold rating and set a C$12.50 price target on shares of Parex Resources in a research report on Thursday, August 11th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Parex Resources presently has an average rating of Buy and a consensus price target of C$15.96.
Parex Resources (TSE:PXT) opened at 16.55 on Wednesday. Parex Resources has a 1-year low of $7.74 and a 1-year high of $17.40. The firm’s market capitalization is $2.52 billion. The stock’s 50 day moving average is $15.75 and its 200 day moving average is $13.34.
Parex Resources Company Profile
Parex Resources Inc is a Colombian focused, international oil and gas exploration and development company, headquartered in Calgary, Canada and publically listed on the Toronto Stock Exchange (TSX:PXT). Since inception in 2009, Parex has achieved material reserves, production and land growth. The Company holds interest in multiple blocks over 2.63 million gross acres land position in the prolific Llanos Basin and the Magdalena Basins of Colombia.
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