OTCMKTS:PARXF Parex Resources (PARXF) Stock Forecast, Price & News $20.99 +0.21 (+1.01%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$20.99▼$21.0050-Day Range$17.59▼$21.1652-Week Range$12.73▼$23.88Volume400 shsAverage Volume17,566 shsMarket CapitalizationN/AP/E Ratio46.10Dividend YieldN/APrice Target$33.88 ProfileProfileAnalyst RatingsChartCompetitorsHeadlinesShort InterestProfileAnalyst RatingsChartCompetitorsHeadlinesShort Interest Parex Resources MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside61.4% Upside$33.88 Price TargetShort InterestBearishDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.76 out of 5 stars 3.2 Analyst's Opinion Consensus RatingParex Resources has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $33.88, Parex Resources has a forecasted upside of 61.4% from its current price of $20.99.Amount of Analyst CoverageParex Resources has only been the subject of 1 research reports in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares ShortedShort Interest Ratio / Days to CoverParex Resources has a short interest ratio ("days to cover") of 215.6, which indicates bearish sentiment.Change versus previous monthShort interest in Parex Resources has recently increased by 16.98%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldParex Resources does not currently pay a dividend.Dividend GrowthParex Resources does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PARXF. Previous Next 3.8 News and Social Media Coverage News SentimentParex Resources has a news sentiment score of 1.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for Parex Resources this week, compared to 0 articles on an average week.Search Interest1 people have searched for PARXF on MarketBeat in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Parex Resources insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 33.35% of the stock of Parex Resources is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Parex Resources is 46.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.41.Price to Earnings Ratio vs. SectorThe P/E ratio of Parex Resources is 46.10, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 53.26. Previous Next See Top Rated MarketRank™ Stocks Here About Parex Resources (OTCMKTS:PARXF) StockParex Resources, Inc. engages in the exploration, development, and production of crude oil. It operates thorough the Canada and Colombia geographical segments. Its operating reserves include, Llanos, and lower and middle Magdalena. The company was founded on August 17, 2009 and is headquartered in Calgary, Canada.Read More Receive PARXF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Parex Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address PARXF Stock News HeadlinesJune 1, 2023 | finance.yahoo.comEnerCom Announces Liberty Energy and Strive Asset Management as Keynote Speakers at EnerCom Denver - The Energy Investment Conference, to be held August 13-16, 2023, in Denver, ColoradoMay 21, 2023 | finance.yahoo.comInstitutional investors are Parex Resources Inc.'s (TSE:PXT) biggest bettors and were rewarded after last week's CA$202m market cap gainJune 3, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 14, 2023 | americanbankingnews.comStifel Nicolaus Boosts Parex Resources (OTCMKTS:PARXF) Price Target to C$37.50May 12, 2023 | americanbankingnews.comParex Resources (OTCMKTS:PARXF) Lowered to Sector Perform at Royal Bank of CanadaMay 12, 2023 | msn.comParex Resources (PARXF) Declares $0.38 DividendMay 11, 2023 | markets.businessinsider.comParex Resources (PARXF) Gets a Buy from BarclaysApril 19, 2023 | theglobeandmail.comClosing Bell: Parex Resources Inc up on Tuesday (PXT)June 3, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. 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Learn more here >>>April 17, 2023 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Paramount Resources (OtherPRMRF) and Parex Resources (OtherPARXF)April 17, 2023 | finance.yahoo.comParex Resources Announces Resumption of Operations at Capachos as well as the Timing of Q1 2023 Results and Annual General MeetingApril 16, 2023 | americanbankingnews.comScotiabank Raises Parex Resources (OTCMKTS:PARXF) Price Target to C$29.00April 15, 2023 | theglobeandmail.comClosing Bell: Parex Resources Inc up on Friday (PXT)April 13, 2023 | markets.businessinsider.comParex Resources (PARXF) Receives a Rating Update from a Top AnalystApril 6, 2023 | entrepreneur.comNo.1 Stock to Buy in This A-Rated IndustryMarch 31, 2023 | finance.yahoo.comShareholders Would Enjoy A Repeat Of Parex Resources' (TSE:PXT) Recent Growth In ReturnsMarch 11, 2023 | seekingalpha.comParex Resources Inc. (PARXF) Q4 2022 Earnings Call TranscriptMarch 9, 2023 | finance.yahoo.comParex Resources' (TSE:PXT) investors will be pleased with their decent 96% return over the last three yearsMarch 9, 2023 | finanznachrichten.deParex Resources Inc.: Parex Resources Announces Record 2022 Full-Year ResultsFebruary 8, 2023 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Matador Resources (MTDR) and Parex Resources (OtherPARXF)February 6, 2023 | markets.businessinsider.comBarclays Gives a Buy Rating to Parex Resources (PARXF)February 2, 2023 | finance.yahoo.comParex Resources Announces 12 Consecutive Years of Reserves Per Share Growth, a 50% Increase to the Regular Dividend and Provides 2023 Guidance UpdateJanuary 22, 2023 | seekingalpha.comParex Resources: Surviving The Leftward TurnJanuary 13, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Utilities Companies: Paramount Resources (OtherPRMRF), Chevron (CVX) and Parex Resources (OtherPARXF)December 30, 2022 | marketwatch.comParex Resources to Buy Back Up to 10% of Public FloatDecember 21, 2022 | markets.businessinsider.comRBC Capital Keeps Their Buy Rating on Parex Resources (PARXF)December 12, 2022 | finance.yahoo.comParex Resources Inc. (TSE:PXT) is a favorite amongst institutional investors who own 52%See More Headlines PARXF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Industry, Sector and Symbol Stock ExchangeOTCMKTS Industry Oil & Gas E & P Sub-IndustryN/A SectorOils/Energy Current SymbolOTCMKTS:PARXF CUSIPN/A CIKN/A Webwww.parexresources.com Phone(403) 265-4800FaxN/AEmployees371Year FoundedN/APrice Target and Rating Average Stock Price Forecast$33.88 High Stock Price Forecast$37.50 Low Stock Price Forecast$29.00 Forecasted Upside/Downside+61.4%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio46.10 Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book ValueN/A Price / BookN/AMiscellaneous Outstanding SharesN/AFree FloatN/AMarket CapN/A OptionableNot Optionable BetaN/A Key ExecutivesImad MohsenPresident, Chief Executive Officer & DirectorEric FurlanChief Operating OfficerKenneth George PinskyChief Financial Officer & SecretaryRyan W. FowlerSenior VP-ExplorationJosh ShareSenior Vice President-Corporate ServicesKey Competitors88 EnergyOTCMKTS:EEENFAdvantagewon OilOTCMKTS:ANTGFAfentraOTCMKTS:STGAFAfrica EnergyOTCMKTS:HPMCFAker BP ASAOTCMKTS:DETNFView All Competitors PARXF Stock - Frequently Asked Questions Should I buy or sell Parex Resources stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PARXF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PARXF, but not buy additional shares or sell existing shares. View PARXF analyst ratings or view top-rated stocks. What is Parex Resources' stock price forecast for 2023? 3 analysts have issued 12-month price objectives for Parex Resources' stock. Their PARXF share price forecasts range from $29.00 to $37.50. On average, they predict the company's stock price to reach $33.88 in the next twelve months. This suggests a possible upside of 61.4% from the stock's current price. View analysts price targets for PARXF or view top-rated stocks among Wall Street analysts. How have PARXF shares performed in 2023? Parex Resources' stock was trading at $14.8680 at the beginning of 2023. Since then, PARXF shares have increased by 41.2% and is now trading at $20.99. View the best growth stocks for 2023 here. Are investors shorting Parex Resources? Parex Resources saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,487,300 shares, an increase of 17.0% from the April 30th total of 1,271,400 shares. Based on an average daily volume of 6,900 shares, the short-interest ratio is currently 215.6 days. View Parex Resources' Short Interest. What is Parex Resources' stock symbol? Parex Resources trades on the OTCMKTS under the ticker symbol "PARXF." How do I buy shares of Parex Resources? Shares of PARXF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Parex Resources' stock price today? One share of PARXF stock can currently be purchased for approximately $20.99. How many employees does Parex Resources have? The company employs 371 workers across the globe. How can I contact Parex Resources? Parex Resources' mailing address is 2700 Eighth Avenue Place, Calgary, AB T2P. The official website for the company is www.parexresources.com. The company can be reached via phone at (403) 265-4800. 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