Should I buy or sell Parex Resources stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PARXF shares. View PARXF analyst ratings or view top-rated stocks .

What is Parex Resources' stock price target for 2024?

3 brokerages have issued twelve-month price objectives for Parex Resources' shares. Their PARXF share price targets range from $33.00 to $33.00. On average, they predict the company's stock price to reach $33.00 in the next year. This suggests a possible upside of 92.5% from the stock's current price. View analysts price targets for PARXF or view top-rated stocks among Wall Street analysts .

How have PARXF shares performed in 2024?

Parex Resources' stock was trading at $18.84 at the beginning of the year. Since then, PARXF shares have decreased by 9.0% and is now trading at $17.14. View the best growth stocks for 2024 here .

How do I buy shares of Parex Resources?

Shares of PARXF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:PARXF

Parex Resources (PARXF) Stock Price, News & Analysis

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Free PARXF Stock Alerts

$17.13

-0.01 (-0.06%)

(As of 04/18/2024 ET)

Compare

Today's Range: $17.10
▼
$17.34
50-Day Range: $14.86
▼
$17.23
52-Week Range: $14.45
▼
$22.82

Volume: 8,465 shs
Average Volume: 68,700 shs
Market Capitalization: N/A

P/E Ratio: 37.62
Dividend Yield: N/A
Price Target: $33.00

Stock Analysis Analyst Forecasts Chart Headlines Short Interest

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Parex Resources MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 92.5% Upside
$33.00 Price Target
Short Interest: Bearish
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.53 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Parex Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Parex Resources has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
Parex Resources has a short interest ratio ("days to cover") of 20.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Parex Resources has recently increased by 4.52%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Parex Resources does not currently pay a dividend.
Dividend Growth
Parex Resources does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PARXF.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Parex Resources this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added Parex Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Parex Resources insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 33.35% of the stock of Parex Resources is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Parex Resources is 37.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Parex Resources is 37.65, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 97.47.

See Top Rated MarketRank™ Stocks Here

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About Parex Resources Stock (OTCMKTS:PARXF)

Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company's principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1. The company was incorporated in 2009 and is headquartered in Calgary, Canada.

PARXF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PARXF Stock News Headlines

April 12, 2024 | markets.businessinsider.com

Stifel Nicolaus Reaffirms Their Buy Rating on Parex Resources (PARXF)

April 11, 2024 | globenewswire.com

Parex Resources and Ecopetrol Enter into Definitive Agreements to Explore Colombia's High-Potential Llanos Foothills Trend

April 18, 2024 | Gold Safe Exchange (Ad)

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March 3, 2024 | seekingalpha.com

Parex Resources Inc. (PARXF) Q4 2023 Earnings Call Transcript

March 1, 2024 | markets.businessinsider.com

Haywood Reaffirms Their Buy Rating on Parex Resources (PARXF)

February 29, 2024 | msn.com

Parex Resources Inc. declares CAD 0.375 dividend

February 29, 2024 | globenewswire.com

Parex Resources Announces 2023 Full-Year Results & Reserves, Resumption of Northern Llanos Operations, and Declaration of Q1 2024 Dividend

February 23, 2024 | finance.yahoo.com

Investors Shouldn't Overlook The Favourable Returns On Capital At Parex Resources (TSE:PXT)

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

February 13, 2024 | markets.businessinsider.com

Analysts Offer Insights on Energy Companies: PrairieSky Royalty (OtherPREKF) and Parex Resources (OtherPARXF)

January 29, 2024 | finance.yahoo.com

Parex Resources' (TSE:PXT) five-year earnings growth trails the notable shareholder returns

January 22, 2024 | finance.yahoo.com

Parex Resources Announces Approval of Normal Course Issuer Bid and Automatic Share Purchase Plan

January 16, 2024 | marketwatch.com

Parex Resources Shares Slide 14% on Production Miss, Near-Term Outlook

January 9, 2024 | msn.com

Colombia awards Parex Resources license for geothermal project - Reuters

January 8, 2024 | markets.businessinsider.com

Jefferies Keeps Their Hold Rating on Parex Resources (PARXF)

January 4, 2024 | seekingalpha.com

Showcasing Seeking Alpha's December 2023 New Analysts

November 8, 2023 | msn.com

Parex Resources GAAP EPS of C$1.13, revenue of C$62.26M

November 7, 2023 | finance.yahoo.com

Parex Resources Announces Third Quarter Results, Arauca Drilling Success and Declaration of Q4 2023 Dividend

October 16, 2023 | markets.businessinsider.com

Analysts’ Top NA Picks: DR Horton (DHI), Parex Resources (PARXF)

October 12, 2023 | markets.businessinsider.com

Parex Resources (PARXF) Receives a Hold from RBC Capital

October 6, 2023 | markets.businessinsider.com

Parex Resources (PARXF) Receives a New Rating from Scotiabank

September 22, 2023 | msn.com

Parex Resources: Revised Full-Year Projections And An Optimistic Outlook

September 7, 2023 | finance.yahoo.com

Capital Investments At Parex Resources (TSE:PXT) Point To A Promising Future

September 7, 2023 | theglobeandmail.com

Closing Bell: Parex Resources Inc up on Wednesday (PXT)

August 23, 2023 | marketwatch.com

Parex Resources Taps Sanjay Bishnoi as CFO

August 19, 2023 | finance.yahoo.com

Parex Resources (TSE:PXT) shareholders have earned a 14% CAGR over the last three years

August 1, 2023 | msn.com

Parex Resources (PARXF) Price Target Increased by 5.08% to 27.48

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: OTCMKTS:PARXF
CUSIP: N/A
CIK: N/A
Web: www.parexresources.com
Phone: (403) 265-4800
Fax: N/A
Employees: 449
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $33.00
High Stock Price Target: $33.00
Low Stock Price Target: $33.00
Potential Upside/Downside: +92.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 37.65
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Imad Mohsen (Age 50)
President, CEO & Director
Comp: $1.12M
Mr. Eric Furlan
Chief Operating Officer
Mr. Michael Kruchten
Senior Vice President of Capital Markets & Corporate Planning
Mr. Daniel Ferreiro
President & Country Manager of Parex Resources Colombia
Mr. Sanjay Bishnoi Ph.D. (Age 49)
CFO & Corporate Secretary
Steven Eirich
Investor Relations & Communications Advisor
Mr. Joshua Share
Senior Vice President of Corporate Services
Mr. Cam Grainger
Controller

Key Competitors

View All Competitors

PARXF Stock Analysis - Frequently Asked Questions

Should I buy or sell Parex Resources stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PARXF shares.
View PARXF analyst ratings or view top-rated stocks.
What is Parex Resources' stock price target for 2024?: 3 brokerages have issued twelve-month price objectives for Parex Resources' shares. Their PARXF share price targets range from $33.00 to $33.00. On average, they predict the company's stock price to reach $33.00 in the next year. This suggests a possible upside of 92.5% from the stock's current price.
View analysts price targets for PARXF or view top-rated stocks among Wall Street analysts.
How have PARXF shares performed in 2024?: Parex Resources' stock was trading at $18.84 at the beginning of the year. Since then, PARXF shares have decreased by 9.0% and is now trading at $17.14.
View the best growth stocks for 2024 here.
How do I buy shares of Parex Resources?: Shares of PARXF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:PARXF) was last updated on 4/18/2024 by MarketBeat.com Staff

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Parex Resources (PARXF) Stock Price, News & Analysis

Parex Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Parex Resources Stock (OTCMKTS:PARXF)

PARXF Stock Price History

PARXF Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

PARXF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™