Parex Resources (PXT) Price Target Cut to C$32.00 by Analysts at Cormark
A number of other equities analysts also recently commented on the stock. Eight Capital reduced their target price on shares of Parex Resources from C$39.50 to C$28.50 in a research note on Thursday, August 9th. Royal Bank of Canada lifted their target price on shares of Parex Resources from C$28.00 to C$30.00 and gave the stock an outperform rating in a research note on Thursday, July 26th. Finally, Canaccord Genuity lifted their target price on shares of Parex Resources from C$27.00 to C$31.50 in a research note on Tuesday, July 10th.
Shares of PXT stock opened at C$20.81 on Tuesday. Parex Resources has a 12 month low of C$15.33 and a 12 month high of C$26.78.
About Parex Resources
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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