Parex Resources Inc. (CVE:PXT) Director Paul David Wright sold 10,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of C$18.03, for a total transaction of C$180,300.00.
Parex Resources Inc. (CVE PXT) opened at C$17.60 on Tuesday. Parex Resources Inc. has a one year low of C$12.19 and a one year high of C$18.46.
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Several equities analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Parex Resources from C$20.00 to C$24.00 and gave the company an “outperform” rating in a research note on Friday. Scotiabank reaffirmed a “focus stock” rating and set a C$23.00 price objective on shares of Parex Resources in a research note on Thursday, October 12th. Finally, Eight Capital lowered their price objective on shares of Parex Resources from C$24.50 to C$22.00 in a research note on Wednesday, September 27th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$22.19.
About Parex Resources
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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