Average Price Target: $28.90
▲ +72.54% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Parex Resources in the last 3 months. The average price target is $28.90, with a high forecast of $32.00 and a low forecast of $24.00. The average price target represents a 72.54% upside from the last price of $16.75.
The current consensus among 6 polled investment analysts is to buy stock in Parex Resources. This Buy consensus rating has held steady for over two years.
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 2,323,941 gross acres. As of December 31, 2020, it had proved plus probable reserves of 194,491 million barrels of oil equivalent. The company was incorporated in 2009 and is headquartered in Calgary, Canada.