Parex Resources (TSE:PXT) Stock Price Expected to Rise, Scotiabank Analyst Says

Posted by Defense World Staff on Aug 2nd, 2025

Parex Resources (TSE:PXT – Get Free Report) had its target price increased by research analysts at Scotiabank from C$16.00 to C$17.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 6.58% from the company’s previous close.

Parex Resources Trading Down 3.0%

Shares of PXT stock opened at C$15.95 on Thursday. The firm has a fifty day moving average of C$14.58 and a 200-day moving average of C$13.53. The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of 4.36, a P/E/G ratio of 0.21 and a beta of 1.43. Parex Resources has a 52-week low of C$10.30 and a 52-week high of C$18.14. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.45 and a current ratio of 1.18.

Insider Activity at Parex Resources

In other Parex Resources news, Director Sigmund Cornelius acquired 5,000 shares of Parex Resources stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of C$15.15 per share, with a total value of C$75,726.75. Insiders own 1.64% of the company’s stock.

Parex Resources Company Profile

(Get Free Report)

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company’s properties are focused in Colombia, where it pays a royalty or tax to the government for its operations.