Can Parex Resources Inc.’s Tomorrow be Different? The Stock Declines Again

 Can Parex Resources Inc.'s Tomorrow be Different? The Stock Declines Again

The stock of Parex Resources Inc. (TSE:PXT) is a huge mover today! About 175,579 shares traded hands. Parex Resources Inc. (TSE:PXT) has risen 38.77% since April 19, 2016 and is uptrending. It has outperformed by 33.44% the S&P500.
The move comes after 6 months negative chart setup for the $2.60 billion company. It was reported on Nov, 23 by Barchart.com. We have $15.66 PT which if reached, will make TSE:PXT worth $182.00M 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 $16.58 average target is -1.54% below today’s ($16.84) stock price. Parex Resources Inc. has been the topic of 27 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, August 12 by Scotia Capital. Paradigm Research maintained it with “Buy” rating and $12.25 target price in Tuesday, August 25 report. FirstEnergy Capital maintained the stock with “Outperform” rating in Friday, September 9 report. The stock has “Outperform” rating given by Scotia Capital on Friday, July 8. TD Securities maintained Parex Resources Inc. (TSE:PXT) rating on Friday, August 12. TD Securities has “Hold” rating and $12.50 price target. As per Wednesday, August 5, the company rating was maintained by Scotia Capital. The stock of Parex Resources Inc. (TSE:PXT) earned “Buy” rating by TD Securities on Thursday, February 18.

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 $2.60 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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