The stock of Parex Resources Inc. (TSE:PXT) is a huge mover today! About 161,782 shares traded hands. Parex Resources Inc. (TSE:PXT) has risen 41.51% since April 21, 2016 and is uptrending. It has outperformed by 36.10% the S&P500.
The move comes after 6 months positive chart setup for the $2.61B company. It was reported on Nov, 25 by Barchart.com. We have $18.19 PT which if reached, will make TSE:PXT worth $156.60M 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 $16.58 average target is -3.38% below today’s ($17.16) stock price. Parex Resources Inc. has been the topic of 27 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by TD Securities given on Thursday, February 18. The firm earned “Hold” rating on Friday, August 12 by TD Securities. Scotia Capital maintained the shares of PXT in a report on Wednesday, August 5 with “Outperform” rating. FirstEnergy Capital maintained Parex Resources Inc. (TSE:PXT) on Friday, September 9 with “Outperform” rating. Paradigm Research maintained the shares of PXT in a report on Tuesday, August 25 with “Buy” rating. The firm has “Outperform” rating given on Friday, August 12 by Scotia Capital. Scotia Capital maintained Parex Resources Inc. (TSE:PXT) rating on Friday, July 8. Scotia Capital has “Outperform” rating and $14.50 price target.
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 $2.61 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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