The stock of Parex Resources Inc. (TSE:PXT) is a huge mover today! About 61,631 shares traded hands. Parex Resources Inc. (TSE:PXT) has risen 61.14% since March 10, 2016 and is uptrending. It has outperformed by 55.53% the S&P500.
The move comes after 8 months positive chart setup for the $2.62 billion company. It was reported on Oct, 17 by Barchart.com. We have $23.20 PT which if reached, will make TSE:PXT worth $943.20 million more.
Parex Resources Inc. (TSE:PXT) Ratings Coverage
Out of 7 analysts covering Parex Resources Inc. (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 -5.45% below today’s ($17.06) stock price. Parex Resources Inc. has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Parex Resources Inc. (TSE:PXT) earned “Hold” rating by TD Securities on Friday, August 12. The stock of Parex Resources Inc. (TSE:PXT) has “Outperform” rating given on Friday, August 12 by Scotia Capital. FirstEnergy Capital maintained the shares of PXT in a report on Friday, September 9 with “Outperform” rating. The firm has “Buy” rating by Paradigm Research given on Tuesday, August 25. TD Securities upgraded it to “Buy” rating and $11.50 target price in Thursday, February 18 report. The firm earned “Outperform” rating on Wednesday, August 5 by Scotia Capital. The company was maintained on Friday, July 8 by Scotia Capital.
More news for Parex Resources Inc. (TSE:PXT) were recently published by: Seekingalpha.com, which released: “Parex Resources: Heavily Undervalued Offering 98% Upside” on May 09, 2016. Seekingalpha.com‘s article titled: “Parex Resources’ (PARXF) CEO Wayne Foo on Q2 2016 Results – Earnings Call …” and published on August 11, 2016 is yet another important article.
Parex Resources, Inc. is a Canada-based gas and oil company. The company has a market cap of $2.62 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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