Parex Resources (TSE:PXT - Get Free Report) had its price objective boosted by stock analysts at Scotiabank from C$14.00 to C$16.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Scotiabank's price objective would indicate a potential upside of 10.12% from the stock's current price.
Parex Resources Trading Up 1.3%
Shares of PXT stock traded up C$0.19 during trading hours on Friday, reaching C$14.53. The company had a trading volume of 283,050 shares, compared to its average volume of 650,014. The company has a 50 day moving average of C$13.65 and a 200 day moving average of C$13.48. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.18 and a quick ratio of 1.45. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of 3.97, a P/E/G ratio of 0.21 and a beta of 1.43. Parex Resources has a 1-year low of C$10.30 and a 1-year high of C$21.79.
Insider Transactions at Parex Resources
In other news, Director Sigmund Cornelius bought 5,000 shares of the stock in a transaction on Friday, June 20th. The stock was purchased at an average price of C$15.15 per share, for a total transaction of C$75,726.75. Company insiders own 1.64% of the company's stock.
About Parex Resources
(
Get Free Report)
Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Parex Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parex Resources wasn't on the list.
While Parex Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
