Out of 7 analysts covering Parex Resources (TSE:PXT), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $20 is the highest target while $10 is the lowest. The $16.13 average target is 1.64% above today’s ($15.87) stock price. Parex Resources has been the topic of 23 analyst reports since October 16, 2015 according to StockzIntelligence Inc. FirstEnergy Capital maintained the stock on September 9 with “Outperform” rating. TD Securities maintained the shares of PXT in a report on August 12 with “Hold” rating. Below is a list of Parex Resources Inc. (TSE:PXT) latest ratings and price target changes.
09/09/2016 Broker: Canaccord Genuity Rating: Buy Old Target: $17.00 New Target: $20.00 Target Up
09/09/2016 Broker: FirstEnergy Capital Rating: Outperform Maintain
29/08/2016 Broker: FirstEnergy Capital Rating: Top Pick Old Target: $14.00 New Target: $20.00 Target Up
15/08/2016 Broker: IBC Rating: Old Target: $15.00 New Target: $17.50 Target Up
12/08/2016 Broker: FirstEnergy Capital Rating: Old Target: $14.00 New Target: $17.00 Target Up
12/08/2016 Broker: Mackie Old Rating: Hold New Rating: Buy Old Target: $16.00 New Target: $16.75 Target Up
12/08/2016 Broker: Scotia Capital Rating: Outperform New Target: $16.00 Maintain
12/08/2016 Broker: TD Securities Rating: Hold New Target: $12.50 Maintain
08/07/2016 Broker: Dundee Securities Rating: Old Target: $15.00 New Target: $16.00 Target Up
08/07/2016 Broker: Scotia Capital Rating: Outperform New Target: $14.50 Maintain
About 25,950 shares traded hands. Parex Resources Inc. (TSE:PXT) has risen 77.52% since February 5, 2016 and is uptrending. It has outperformed by 61.03% the S&P500.
Parex Resources, Inc. is a Canada-based gas and oil company. The company has a market cap of $2.39 billion. The Firm is engaged in crude oil exploration, development and production in Colombia. It currently has negative earnings. The Company’s divisions include Canada and Colombia.
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