Parex Resources Inc. (PXT) Director Ronald Douglas Miller Purchases 3,100 Shares
Parex Resources Inc. (CVE:PXT) Director Ronald Douglas Miller acquired 3,100 shares of Parex Resources stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of C$17.00 per share, with a total value of C$52,700.00.
Parex Resources Inc. has a 52 week low of C$5.66 and a 52 week high of C$9.65.
Several equities research analysts recently commented on PXT shares. Scotiabank lifted their price objective on Parex Resources from C$23.00 to C$24.00 and gave the stock a “focus stock” rating in a report on Wednesday, November 8th. Eight Capital reduced their price objective on Parex Resources from C$24.50 to C$22.00 in a report on Wednesday, September 27th. Finally, Royal Bank Of Canada lifted their price objective on Parex Resources from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$22.19.
Parex Resources Company Profile
Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in South America. It holds interests in onshore exploration and production blocks totaling approximately 2,091,404 gross acres in Colombia. The company has proved plus probable reserves of 41.1 million barrels of oil equivalent.
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