Parex Resources Inc. (TSE:PXT) insider David Robert Taylor sold 12,000 shares of the company’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of C$16.65, for a total transaction of C$199,800.00.
Shares of Parex Resources Inc. (TSE:PXT) opened at 16.90 on Tuesday. The stock’s 50 day moving average is $15.99 and its 200-day moving average is $15.96. Parex Resources Inc. has a one year low of $8.84 and a one year high of $18.22. The firm’s market cap is $2.58 billion.
“David Robert Taylor Sells 12,000 Shares of Parex Resources Inc. (PXT) Stock” was posted by sleekmoney and is the property of of sleekmoney. If you are accessing this story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this story can be read at http://sleekmoney.com/david-robert-taylor-sells-12000-shares-of-parex-resources-inc-pxt-stock/1660130.html.
Several research analysts recently weighed in on PXT shares. CIBC upped their price target on shares of Parex Resources from C$17.50 to C$18.50 in a research report on Wednesday, February 8th. Mackie upped their price target on shares of Parex Resources from C$16.75 to C$19.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. TD Securities increased their price objective on shares of Parex Resources from C$19.50 to C$22.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Scotiabank increased their price objective on shares of Parex Resources from C$19.00 to C$23.00 and gave the company a “focus stock” rating in a report on Tuesday, February 7th. Finally, RBC Capital Markets increased their price objective on shares of Parex Resources from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Parex Resources currently has a consensus rating of “Buy” and a consensus price target of C$19.31.
About Parex Resources
Parex Resources, Inc is a Canada-based oil and gas company. The Company is engaged in crude oil exploration, development and production in Colombia. The Company’s segments include Canada and Colombia. The Company, through its foreign subsidiaries, holds interests in onshore exploration and production blocks totaling approximately 1,870,120 gross acres.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/david-robert-taylor-sells-12000-shares-of-parex-resources-inc-pxt-stock/1660130.html
Receive News & Ratings for Parex Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parex Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.