Shares of Parex Resources Inc (TSE:PXT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.99 and traded as high as $22.09. Parex Resources shares last traded at $21.41, with a volume of 918,041 shares trading hands.
PXT has been the topic of a number of analyst reports. Royal Bank of Canada increased their target price on Parex Resources from C$24.00 to C$25.00 in a report on Monday, October 21st. Scotiabank boosted their price target on Parex Resources from C$29.00 to C$30.50 in a report on Tuesday, January 14th. Finally, National Bank Financial upped their price objective on Parex Resources from C$31.00 to C$33.00 and gave the company an “outperform” rating in a research report on Friday, February 7th.
The stock has a market cap of $3.14 billion and a price-to-earnings ratio of 11.03. The company has a current ratio of 2.43, a quick ratio of 2.35 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is C$22.98 and its two-hundred day moving average is C$20.99.
Parex Resources Company Profile (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 2,037,753 gross acres. As of December 31, 2018, it had proved plus probable reserves of 184.674 million barrels of oil equivalent.
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