Parex Resources (PXT) Hits New 12-Month Low at $15.29

Parex Resources Inc (TSE:PXT) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$15.29 and last traded at C$15.62, with a volume of 237838 shares traded. The stock had previously closed at C$16.20.

Separately, Cormark cut their price objective on shares of Parex Resources from C$35.00 to C$32.00 in a research report on Tuesday, October 9th.

Parex Resources (TSE:PXT) last announced its earnings results on Tuesday, November 6th. The company reported C$0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.64 by C$0.08. The company had revenue of C$327.92 million for the quarter, compared to analysts’ expectations of C$276.37 million. As a group, equities research analysts expect that Parex Resources Inc will post 2.73000019186069 EPS for the current year.

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About Parex Resources (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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