Parex Resources Inc. (TSE:PXT) insider Leo Nicholas Distefano bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of C$17.12 per share, for a total transaction of C$171,200.00.
Shares of Parex Resources Inc. (TSE PXT) traded up C$0.79 during trading on Monday, reaching C$17.87. 531,668 shares of the company’s stock were exchanged, compared to its average volume of 534,240. The stock has a market cap of $2,650.00, a P/E ratio of 40.67 and a beta of 0.65. Parex Resources Inc. has a fifty-two week low of C$12.19 and a fifty-two week high of C$19.86.
PXT has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on shares of Parex Resources from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Scotiabank lifted their target price on shares of Parex Resources from C$27.00 to C$28.00 and gave the stock a “focus stock” rating in a research note on Wednesday, February 7th. Eight Capital lifted their target price on shares of Parex Resources from C$23.00 to C$30.00 in a research note on Monday, December 11th. CIBC lifted their target price on shares of Parex Resources from C$22.50 to C$25.00 in a research note on Tuesday, January 23rd. Finally, Canaccord Genuity lifted their target price on shares of Parex Resources from C$22.00 to C$24.00 in a research note on Friday.
Parex Resources, Inc is a Canada-based oil and gas company. The Company is engaged in crude oil exploration, development and production in Colombia. The Company’s segments include Canada and Colombia. The Company, through its foreign subsidiaries, holds interests in onshore exploration and production blocks totaling approximately 1,870,120 gross acres.
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