Parex Resources (OTCMKTS:PARXF – Get Free Report) is anticipated to release its resultson Friday, July 31st. Analysts expect Parex Resources to post earnings of $0.9180 per share and revenue of $233.3880 million for the quarter.
Parex Resources Price Performance
PARXF stock opened at $17.06 on Friday. The company’s 50-day simple moving average is $17.31 and its 200-day simple moving average is $17.22. Parex Resources has a 52-week low of $10.52 and a 52-week high of $22.14.
Analyst Upgrades and Downgrades
Separately, Scotiabank restated a “sector perform” rating on shares of Parex Resources in a research note on Monday, June 22nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
About Parex Resources
Parex Resources Inc is a Canada-based exploration and production company primarily engaged in the acquisition, development and production of oil resources. The company holds a portfolio of prolific onshore blocks in Colombia, targeting both light and medium crude oil. Parex employs a strategic exploration approach, integrating seismic studies and advanced drilling techniques to optimize reservoir development and enhance recovery rates.
Headquartered in Calgary, Alberta, Parex has focused its operations on Colombia’s Llanos Basin and the Caguan and Putumayo basins.
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