David Robert Taylor Sells 12,000 Shares of Parex Resources Inc. (PXT) Stock

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.

Insider Buying and Selling by Quarter for Parex Resources (TSE:PXT)

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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.

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