Parex Resources Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Parex Resources stock.
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Wall Street analysts have given Parex Resources a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Parex Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Parex Resources is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Parex Resources.

Parex Resources Inc. (TSE:PXT) issued its quarterly earnings results on Wednesday, May, 5th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.59 by $0.13. The company earned $281.21 million during the quarter.
View Parex Resources' earnings history.

Parex Resources' stock was trading at C$13.96 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PXT stock has increased by 50.0% and is now trading at C$20.94.
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6 equities research analysts have issued 12 month target prices for Parex Resources' shares. Their forecasts range from C$26.00 to C$35.00. On average, they anticipate Parex Resources' share price to reach C$31.17 in the next twelve months. This suggests a possible upside of 48.8% from the stock's current price.
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Some companies that are related to Parex Resources include Ivanhoe Mines (IVN), Cameco (CCO), BRP (DOO), Polymetal International (POLY), South32 (S32), ARC Resources (ARX), Fresnillo (FRES), Coro Mining (COP), KAZ Minerals (KAZ), Champion Iron (CIA), Superior Plus (SPB), Lundin Gold (LUG), Pretium Resources (PVG), Lithium Americas (LAC) and Interfor (IFP).
View all of PXT's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Parex Resources investors own include Air Canada (AC), Whitecap Resources (WCP), Bank of America (BAC), Cenovus Energy (CVE), Vermilion Energy (VET), Canadian Natural Resources (CNQ), Enbridge (ENB), Gran Tierra Energy (GTE), Intelsat (I) and Suncor Energy (SU).

Parex Resources trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PXT."

Shares of PXT and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of PXT stock can currently be purchased for approximately C$20.94.

Parex Resources has a market capitalization of C$2.68 billion and generates C$556.95 million in revenue each year.

Parex Resources employs 348 workers across the globe.

The official website for Parex Resources is www.parexresources.com.

Parex Resources is headquartered at West Tower, 585 8 Ave SW, CALGARY, AB T2P 1G1, Canada.

Parex Resources' mailing address is West Tower, 585 8 Ave SW, CALGARY, AB T2P 1G1, Canada. The company can be reached via phone at +1-403-2654800.