Parex Resources Inc.’s Stock Is Buy After Today’s Huge Increase

 Parex Resources Inc.'s Stock Is Buy After Today's Huge Increase

The stock of Parex Resources Inc. (TSE:PXT) is a huge mover today! About 162,762 shares traded hands. Parex Resources Inc. (TSE:PXT) has risen 45.10% since March 29, 2016 and is uptrending. It has outperformed by 42.58% the S&P500.
The move comes after 9 months positive chart setup for the $2.40 billion company. It was reported on Nov, 2 by We have $19.50 PT which if reached, will make TSE:PXT worth $624.00M 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. Parex Resources Inc. has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. TD Securities maintained it with “Hold” rating and $12.50 target price in Friday, August 12 report. Paradigm Research maintained the shares of PXT in a report on Tuesday, August 25 with “Buy” rating. The stock of Parex Resources Inc. (TSE:PXT) has “Outperform” rating given on Friday, September 9 by FirstEnergy Capital. As per Wednesday, August 5, the company rating was maintained by Scotia Capital. TD Securities upgraded it to “Buy” rating and $11.50 target price in Thursday, February 18 report. On Friday, July 8 the stock rating was maintained by Scotia Capital with “Outperform”. As per Friday, August 12, the company rating was maintained by Scotia Capital.

Another recent and important Parex Resources Inc. (TSE:PXT) news was published by which published an article titled: “Parex Resources: Heavily Undervalued Offering 98% Upside” on May 09, 2016.

Parex Resources, Inc. is a Canada-based gas and oil company. The company has a market cap of $2.40 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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