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Parex Resources - PARXF Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $33.00
  • Forecasted Upside: 86.55%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$17.69 As of 04/24/2024 01:00 AM ET
▲ +0.0115 (0.07%)

This chart shows the closing price for PARXF by one month, three months, or twelve months.

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Analyst Price Target for PARXF

Analyst Price Target is $33.00
▲ +86.55% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Parex Resources in the last 3 months. The average price target is $33.00, with a high forecast of $33.00 and a low forecast of $33.00. The average price target represents a 86.55% upside from the last price of $17.69.

This chart shows the closing price for PARXF for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 3 polled investment analysts is to moderate buy stock in Parex Resources. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/2/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
1/31/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/9/2023Royal Bank of CanadaUpgradeSector Perform ➝ Outperform
9/21/2023Jefferies Financial GroupInitiated CoverageHold
7/14/2023Stifel NicolausBoost TargetC$37.50 ➝ C$39.00
7/10/2023Canaccord Genuity GroupInitiated CoverageBuy
5/11/2023Stifel NicolausBoost TargetC$36.00 ➝ C$37.50
5/11/2023Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform
4/13/2023ScotiabankBoost TargetC$26.00 ➝ C$29.00
3/10/2023Stifel NicolausBoost TargetC$33.00 ➝ C$36.00
2/6/2023Stifel NicolausBoost TargetC$31.00 ➝ C$33.00
2/1/2023BMO Capital MarketsBoost TargetC$30.00 ➝ C$33.00
1/18/2023BarclaysInitiated CoverageOverweight
11/23/2022ScotiabankLower TargetC$29.00 ➝ C$24.00
10/17/2022Stifel NicolausLower TargetC$37.00 ➝ C$35.00
10/14/2022Royal Bank of CanadaLower TargetC$38.00 ➝ C$36.00
10/13/2022ScotiabankLower TargetC$34.00 ➝ C$29.00
8/9/2022ScotiabankDowngradeOutperform ➝ Sector Perform
7/14/2022ScotiabankLower TargetC$38.00 ➝ C$34.00
6/30/2022Stifel NicolausLower TargetC$42.00 ➝ C$39.00
6/8/2022ScotiabankBoost TargetC$37.00 ➝ C$38.00
5/12/2022Stifel NicolausBoost TargetC$40.00 ➝ C$42.00
4/18/2022ScotiabankBoost TargetC$36.00 ➝ C$37.00
3/2/2022Stifel NicolausBoost TargetC$37.50 ➝ C$40.00
2/7/2022Stifel NicolausBoost TargetC$36.50 ➝ C$37.50
2/4/2022Royal Bank of CanadaBoost TargetC$32.00 ➝ C$34.00
2/3/2022BMO Capital MarketsBoost TargetC$34.00 ➝ C$36.00
11/4/2021National Bank FinancialLower TargetOutperformC$35.00 ➝ C$33.00
11/4/2021Stifel NicolausBoost TargetBuyC$34.00 ➝ C$36.50
10/14/2021ScotiabankBoost TargetOutperformC$34.00 ➝ C$35.00
9/29/2021National Bank FinancialBoost TargetOutperformC$34.00 ➝ C$35.00
9/2/2021Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$28.00
8/5/2021Stifel NicolausLower TargetBuyC$35.00 ➝ C$34.00
8/5/2021National Bank FinancialLower TargetOutperformC$36.00 ➝ C$34.00
7/15/2021ScotiabankBoost TargetOutperformC$32.00 ➝ C$34.00
7/8/2021National Bank FinancialBoost TargetOutperform ➝ OutperformC$35.00 ➝ C$36.00
7/8/2021Stifel NicolausBoost TargetBuyC$33.00 ➝ C$35.00
7/8/2021ScotiabankBoost TargetOutperformC$31.00 ➝ C$32.00
6/28/2021Stifel NicolausBoost TargetBuyC$32.00 ➝ C$33.00
5/19/2021Stifel NicolausLower TargetBuyC$33.00 ➝ C$32.00
5/18/2021BMO Capital MarketsLower TargetOutperformC$32.00 ➝ C$30.00
5/12/2021Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform
5/6/2021National Bank FinancialReiterated RatingOutperform
5/6/2021Stifel NicolausBoost TargetBuy$32.00 ➝ $33.00
4/15/2021ScotiabankBoost TargetOutperform$30.00 ➝ $31.00
3/22/2021ScotiabankBoost TargetOutperform$28.00 ➝ $30.00
3/12/2021ScotiabankBoost TargetOutperform$26.00 ➝ $28.00
3/10/2021CIBCBoost TargetOutperform$25.00 ➝ $27.50
3/5/2021Stifel NicolausBoost TargetBuy$30.00 ➝ $32.00
3/4/2021BMO Capital MarketsBoost TargetOutperform$28.00 ➝ $30.00
2/19/2021National Bank FinancialReiterated RatingOutperform
2/8/2021Stifel NicolausBoost TargetBuy$28.00 ➝ $30.00
1/14/2021ScotiabankBoost TargetOutperform$24.00 ➝ $26.00
1/8/2021Stifel NicolausReiterated RatingBuy
1/6/2021National Bank FinancialInitiated CoverageOutperform
12/16/2020CIBCBoost TargetOutperform$22.00 ➝ $25.00
11/6/2020Stifel NicolausLower TargetBuy$25.00 ➝ $23.50
8/10/2020Royal Bank of CanadaBoost TargetOutperform$23.00 ➝ $24.00
8/6/2020BMO Capital MarketsBoost TargetOutperform$24.00 ➝ $25.00
6/26/2020Royal Bank of CanadaBoost TargetOutperform$21.00 ➝ $23.00
3/16/2020Royal Bank of CanadaUpgradeOutperform ➝ Top Pick
3/12/2020Stifel NicolausLower TargetBuy$34.50 ➝ $27.00
3/2/2020BMO Capital MarketsInitiated CoverageOutperform$28.00
10/21/2019Royal Bank of CanadaSet TargetBuy$25.00
(Data available from 4/25/2019 forward)

News Sentiment Rating

0.14 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/28/2023
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/28/2023
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/27/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/27/2023
  • 1 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/26/2024
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/25/2024
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2024
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2024

Current Sentiment

  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

  • No very positive mentions tracked during this time.
Parex Resources logo
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.
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Today's Range

Now: $17.69
Low: $17.60
High: $17.75

50 Day Range

MA: $16.14
Low: $14.86
High: $17.69

52 Week Range

Now: $17.69
Low: $14.45
High: $22.82

Volume

7,261 shs

Average Volume

65,608 shs

Market Capitalization

N/A

P/E Ratio

38.85

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Parex Resources?

The following equities research analysts have issued stock ratings on Parex Resources in the last year: Canaccord Genuity Group Inc., Jefferies Financial Group Inc., Royal Bank of Canada, and Stifel Nicolaus.
View the latest analyst ratings for PARXF.

What is the current price target for Parex Resources?

1 Wall Street analysts have set twelve-month price targets for Parex Resources in the last year. Their average twelve-month price target is $33.00, suggesting a possible upside of 86.5%. Stifel Nicolaus has the highest price target set, predicting PARXF will reach $33.00 in the next twelve months. Stifel Nicolaus has the lowest price target set, forecasting a price of $33.00 for Parex Resources in the next year.
View the latest price targets for PARXF.

What is the current consensus analyst rating for Parex Resources?

Parex Resources currently has 1 hold rating and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for PARXF.

What other companies compete with Parex Resources?

Other companies that are similar to Parex Resources include 88 Energy, Afentra, Africa Energy, Aker BP ASA and Arkanova Energy. Learn More about companies similar to Parex Resources.

How do I contact Parex Resources' investor relations team?

Parex Resources' physical mailing address is 2700 Eighth Avenue Place, Calgary, AB T2P. The company's listed phone number is (403) 265-4800. The official website for Parex Resources is www.parexresources.com. Learn More about contacing Parex Resources investor relations.