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 27,096 shares traded hands. Parex Resources Inc. (TSE:PXT) has risen 39.96% since April 11, 2016 and is uptrending. It has outperformed by 36.04% the S&P500.
The move comes after 6 months positive chart setup for the $2.57 billion company. It was reported on Nov, 15 by Barchart.com. We have $20.69 PT which if reached, will make TSE:PXT worth $642.50M 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 $16.28 average target is -1.63% below today’s ($16.55) stock price. Parex Resources Inc. has been the topic of 26 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Parex Resources Inc. (TSE:PXT) on Wednesday, August 5 with “Outperform” rating. Scotia Capital maintained it with “Outperform” rating and $14.50 target price in Friday, July 8 report. The firm has “Hold” rating by TD Securities given on Friday, August 12. As per Friday, September 9, the company rating was maintained by FirstEnergy Capital. The rating was maintained by Scotia Capital on Friday, August 12 with “Outperform”. The firm has “Buy” rating given on Tuesday, August 25 by Paradigm Research. On Thursday, February 18 the stock rating was upgraded by TD Securities to “Buy”.

Another recent and important Parex Resources Inc. (TSE:PXT) news was published by Seekingalpha.com 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 $2.57 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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