Parex Resources (PXT) Stock Price Up 4.4%

Parex Resources Inc (TSE:PXT) shares traded up 4.4% during trading on Friday . The company traded as high as C$16.66 and last traded at C$16.26. 459,522 shares were traded during mid-day trading, a decline of 25% from the average session volume of 616,127 shares. The stock had previously closed at C$15.57.

A number of research analysts have recently commented on the stock. Eight Capital cut their price target on shares of Parex Resources from C$39.50 to C$28.50 in a report on Thursday, August 9th. Cormark cut their price target on shares of Parex Resources from C$35.00 to C$32.00 in a report on Tuesday, October 9th.

Parex Resources (TSE:PXT) last posted its quarterly earnings results on Tuesday, November 6th. The company reported C$0.72 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.64 by C$0.08. The company had revenue of C$327.92 million during the quarter, compared to the consensus estimate of C$276.37 million. Sell-side analysts predict that Parex Resources Inc will post 2.73000007299465 EPS for the current year.

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Parex Resources Company Profile (TSE:PXT)

Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 1,574,279 gross acres. As of December 31, 2017, it had proved plus probable reserves of 162.236 million barrels of oil equivalent.

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