The stock of Parex Resources Inc. (TSE:PXT) is a huge mover today! About 87,585 shares traded hands. Parex Resources Inc. (TSE:PXT) has risen 44.42% since April 7, 2016 and is uptrending. It has outperformed by 38.28% the S&P500.
The move comes after 5 months negative chart setup for the $2.36B company. It was reported on Nov, 11 by Barchart.com. We have $14.12 PT which if reached, will make TSE:PXT worth $188.80M less.
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 5.08% above today’s ($15.35) stock price. Parex Resources Inc. has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, September 9 by FirstEnergy Capital. Scotia Capital maintained Parex Resources Inc. (TSE:PXT) on Friday, July 8 with “Outperform” rating. The stock of Parex Resources Inc. (TSE:PXT) earned “Hold” rating by TD Securities on Friday, August 12. Scotia Capital maintained the stock with “Outperform” rating in Friday, August 12 report. The rating was maintained by Scotia Capital with “Outperform” on Wednesday, August 5. The rating was upgraded by TD Securities to “Buy” on Thursday, February 18. The firm has “Buy” rating given on Tuesday, August 25 by Paradigm Research.
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 $2.36 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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