Parex Resources (PARXF) Expected to Announce Earnings on Thursday

Parex Resources (OTCMKTS:PARXF) is anticipated to post its results before the market opens on Thursday, March 5th. Analysts expect Parex Resources to post earnings of $0.3167 per share for the quarter.

Parex Resources Stock Down 2.0%

Shares of PARXF opened at $15.90 on Thursday. Parex Resources has a fifty-two week low of $7.31 and a fifty-two week high of $16.31. The firm’s 50 day moving average price is $14.26 and its 200 day moving average price is $13.38.

Wall Street Analyst Weigh In

Separately, Roth Mkm began coverage on Parex Resources in a research note on Friday, December 12th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently 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.