TSE:PXT - Parex Resources Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$31.17
  • Forecasted Upside: 44.42 %
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
C$21.58
▲ +0.24 (1.12%)

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

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Analyst Price Target for PXT

Analyst Price Target is C$31.17
▲ +44.42% 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 C$31.17, with a high forecast of C$35.00 and a low forecast of C$26.00. The average price target represents a 44.42% upside from the last price of C$21.58.

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

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Current Consensus is Buy

The current consensus among 6 investment analysts is to buy stock in Parex Resources. This rating has held steady since July 2019, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/31/2019
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/30/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/28/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/26/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/25/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/25/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/24/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/23/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/17/2021National Bank FinancialBoost Price TargetOutperformC$35.00
6/17/2021National BanksharesBoost Price TargetC$30.00 ➝ C$35.00
5/18/2021National Bank FinancialLower Price TargetOutperformC$31.00 ➝ C$30.00
5/18/2021National BanksharesLower Price TargetOutperformC$31.00 ➝ C$30.00
5/18/2021BMO Capital MarketsLower Price TargetOutperformC$32.00 ➝ C$30.00
5/12/2021Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$26.00
5/6/2021National Bank FinancialLower Price TargetOutperformC$31.00
5/6/2021National BanksharesLower Price TargetOutperformC$34.00 ➝ C$31.00
4/27/2021Haywood SecuritiesBoost Price TargetBuyC$31.00 ➝ C$32.50
4/16/2021National Bank FinancialLower Price TargetOutperformC$35.00 ➝ C$34.00
4/16/2021National BanksharesLower Price TargetOutperformC$35.00 ➝ C$34.00
4/16/2021CIBCBoost Price TargetOutperformC$27.50
4/15/2021ScotiabankBoost Price TargetC$30.00 ➝ C$31.00
3/22/2021ScotiabankBoost Price TargetC$28.00 ➝ C$30.00
3/12/2021ScotiabankBoost Price TargetC$26.00 ➝ C$28.00
3/5/2021CormarkBoost Price TargetC$30.00 ➝ C$32.50
3/4/2021BMO Capital MarketsBoost Price TargetC$28.00 ➝ C$30.00
2/19/2021National Bank FinancialBoost Price TargetC$30.00 ➝ C$35.00
2/17/2021Eight CapitalReiterated RatingNAC$31.00
1/14/2021ScotiabankBoost Price TargetC$24.00 ➝ C$26.00
1/12/2021CormarkBoost Price TargetC$25.00 ➝ C$30.00
12/16/2020CIBCBoost Price TargetC$22.00 ➝ C$25.00
11/16/2020National Bank FinancialLower Price TargetOutperformC$23.00 ➝ C$19.00
8/7/2020Royal Bank of CanadaBoost Price TargetOutperformC$23.00 ➝ C$24.00
8/6/2020BMO Capital MarketsBoost Price TargetC$24.00 ➝ C$25.00
7/16/2020CIBCBoost Price TargetC$20.00 ➝ C$22.00
6/26/2020Royal Bank of CanadaBoost Price TargetOutperformC$21.00 ➝ C$23.00
4/6/2020National Bank FinancialLower Price TargetOutperformC$26.00 ➝ C$25.00
3/16/2020Royal Bank of CanadaUpgradeOutperform ➝ Top PickC$25.00 ➝ C$21.00
3/10/2020National Bank FinancialLower Price TargetOutperformC$33.00 ➝ C$25.00
3/3/2020BMO Capital MarketsReiterated RatingOutperformC$28.00
2/7/2020National Bank FinancialBoost Price TargetOutperformC$31.00 ➝ C$33.00
1/31/2020National Bank FinancialLower Price TargetOutperformC$32.00 ➝ C$31.00
1/14/2020ScotiabankBoost Price TargetC$29.00 ➝ C$30.50
12/18/2019ScotiabankBoost Price TargetC$28.00 ➝ C$29.00
10/21/2019Royal Bank of CanadaBoost Price TargetC$24.00 ➝ C$25.00
7/30/2019Royal Bank of CanadaLower Price TargetC$26.00 ➝ C$24.00
7/26/2019National Bank FinancialReiterated RatingOutperformC$32.00
7/9/2019CormarkBoost Price TargetC$32.50 ➝ C$35.00
6/11/2019Eight CapitalBoost Price TargetC$34.00 ➝ C$34.50
4/23/2019CormarkBoost Price TargetC$30.00 ➝ C$32.50
2/11/2019Eight CapitalBoost Price TargetC$27.25 ➝ C$32.25
2/11/2019GMP SecuritiesBoost Price TargetC$27.00 ➝ C$28.50
1/17/2019Haywood SecuritiesLower Price TargetC$29.00 ➝ C$28.00
1/11/2019Eight CapitalBoost Price TargetC$24.50 ➝ C$25.50
12/19/2018Eight CapitalLower Price TargetC$30.00 ➝ C$24.50
12/13/2018GMP SecuritiesLower Price TargetC$32.00 ➝ C$27.00
10/9/2018CormarkLower Price TargetC$35.00 ➝ C$32.00
8/9/2018Eight CapitalLower Price TargetC$39.50 ➝ C$28.50
7/26/2018Royal Bank of CanadaBoost Price TargetOutperformC$28.00 ➝ C$30.00
7/10/2018Canaccord GenuityBoost Price TargetC$27.00 ➝ C$31.50
6/27/2018CormarkBoost Price TargetC$30.00 ➝ C$33.50
5/18/2018CIBCBoost Price TargetC$25.00 ➝ C$30.00
5/9/2018ScotiabankReiterated RatingFocus StockC$30.00
5/9/2018GMP SecuritiesBoost Price TargetC$30.00 ➝ C$31.00
4/11/2018Canaccord GenuityBoost Price TargetC$24.00 ➝ C$25.00
3/6/2018ScotiabankSet Price TargetFocus StockC$28.00
2/9/2018Canaccord GenuityBoost Price TargetC$22.00 ➝ C$24.00
2/7/2018ScotiabankBoost Price TargetFocus StockC$27.00 ➝ C$28.00
1/23/2018CIBCBoost Price TargetC$22.50 ➝ C$25.00
1/11/2018ScotiabankSet Price TargetFocus StockC$27.00
12/13/2017ScotiabankBoost Price TargetFocus StockC$24.00 ➝ C$26.00
12/11/2017Eight CapitalBoost Price TargetC$23.00 ➝ C$30.00
11/23/2017ScotiabankReiterated RatingFocus StockC$24.00
11/10/2017Royal Bank of CanadaBoost Price TargetOutperformC$20.00 ➝ C$24.00
11/8/2017ScotiabankBoost Price TargetFocus StockC$23.00 ➝ C$24.00
10/12/2017ScotiabankReiterated RatingFocus StockC$23.00
9/29/2017ScotiabankReiterated RatingFocus StockC$23.00
9/27/2017Eight CapitalLower Price TargetC$24.50 ➝ C$22.00
5/12/2017TD SecuritiesBoost Price TargetBuyC$21.00 ➝ C$22.00
4/26/2017CIBCBoost Price TargetC$18.50 ➝ C$21.50
4/10/2017ScotiabankBoost Price TargetFocus StockC$23.00 ➝ C$24.00
3/29/2017ScotiabankReiterated RatingFocus StockC$23.00
3/15/2017Royal Bank of CanadaBoost Price TargetOutperformC$20.00 ➝ C$21.00
3/9/2017TD SecuritiesReiterated RatingBuyC$22.00
3/8/2017ScotiabankReiterated RatingFocus StockC$23.00
3/2/2017Canaccord GenuityReiterated RatingBuyC$22.00
2/9/2017TD SecuritiesBoost Price TargetBuyC$19.50 ➝ C$22.00
2/9/2017MackieBoost Price TargetBuyC$16.75 ➝ C$19.00
2/9/2017Royal Bank of CanadaBoost Price TargetOutperformC$19.00 ➝ C$20.00
2/8/2017CIBCBoost Price TargetC$17.50 ➝ C$18.50
2/7/2017ScotiabankBoost Price TargetOutperform ➝ Focus StockC$19.00 ➝ C$23.00
2/7/2017CSFBBoost Price TargetOutperformC$18.25 ➝ C$23.00
1/25/2017TD SecuritiesUpgradeHold ➝ BuyC$19.50
1/10/2017ScotiabankReiterated RatingOutperformC$19.00
11/16/2016Royal Bank of CanadaBoost Price TargetOutperformC$17.50 ➝ C$19.00
11/14/2016TD SecuritiesBoost Price TargetHoldC$16.00 ➝ C$17.00
11/11/2016ScotiabankBoost Price TargetOutperformC$16.00 ➝ C$17.50
9/28/2016Royal Bank of CanadaBoost Price TargetOutperformC$16.00 ➝ C$17.50
9/9/2016FirstEnergy CapitalReiterated RatingOutperform
9/9/2016Canaccord GenuityBoost Price TargetBuyC$17.00 ➝ C$20.00
8/29/2016FirstEnergy CapitalBoost Price TargetTop PickC$14.00 ➝ C$20.00
8/23/2016Haywood SecuritiesBoost Price TargetBuyC$18.00 ➝ C$21.00
8/19/2016Canaccord GenuityBoost Price TargetBuyC$15.00 ➝ C$17.00
8/12/2016FirstEnergy CapitalDowngradeTop Pick ➝ Outperform
8/12/2016CIBCBoost Price TargetC$15.00 ➝ C$17.50
8/11/2016TD SecuritiesReiterated RatingHoldC$12.50
8/11/2016ScotiabankReiterated RatingOutperformC$16.00
8/11/2016MackieBoost Price TargetHold ➝ BuyC$16.00 ➝ C$16.75
8/11/2016FirstEnergy CapitalBoost Price TargetC$14.00 ➝ C$17.00
7/12/2016FirstEnergy CapitalUpgradeOutperform ➝ Top Pick
7/8/2016ScotiabankReiterated RatingOutperformC$14.50
7/8/2016Dundee SecuritiesBoost Price TargetC$15.00 ➝ C$16.00
(Data available from 6/23/2016 forward)
Parex Resources logo
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.
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Today's Range

Now: C$21.58
Low: C$21.53
High: C$21.90

50 Day Range

MA: C$21.63
Low: C$19.39
High: C$23.66

52 Week Range

Now: C$21.58
Low: C$12.05
High: C$24.33

Volume

597,225 shs

Average Volume

559,379 shs

Market Capitalization

C$2.76 billion

P/E Ratio

15.74

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

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

The following Wall Street research analysts have issued reports on Parex Resources in the last twelve months: BMO Capital Markets, CIBC, Cormark, Eight Capital, Haywood Securities, National Bank Financial, National Bankshares, Inc., Royal Bank of Canada, and Scotiabank.
View the latest analyst ratings for PXT.

What is the current price target for Parex Resources?

9 Wall Street analysts have set twelve-month price targets for Parex Resources in the last year. Their average twelve-month price target is C$31.17, suggesting a possible upside of 44.4%. National Bankshares, Inc. has the highest price target set, predicting PXT will reach C$35.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of C$26.00 for Parex Resources in the next year.
View the latest price targets for PXT.

What is the current consensus analyst rating for Parex Resources?

Parex Resources currently has 1 hold rating and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe PXT will outperform the market and that investors should add to their positions of Parex Resources.
View the latest ratings for PXT.

What other companies compete with Parex Resources?

How do I contact Parex Resources' investor relations team?

Parex Resources' physical mailing address is West Tower, 585 8 Ave SW, CALGARY, AB T2P 1G1, Canada. The company's listed phone number is +1-403-2654800. The official website for Parex Resources is www.parexresources.com.