Parex Resources Inc. (TSE:PXT) Director John Frederick Bechtold sold 6,600 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of C$16.60, for a total transaction of C$109,560.00.
John Frederick Bechtold also recently made the following trade(s):
- On Friday, January 20th, John Frederick Bechtold sold 10,000 shares of Parex Resources stock. The stock was sold at an average price of C$15.02, for a total transaction of C$150,200.00.
Shares of Parex Resources Inc. (TSE:PXT) opened at 17.03 on Wednesday. The firm’s market capitalization is $2.60 billion. The firm’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.
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Several research analysts recently weighed in on the stock. Scotiabank reissued an “outperform” rating and set a C$19.00 price objective on shares of Parex Resources in a research note on Tuesday, January 10th. Royal Bank Of Canada lifted their price objective on shares of Parex Resources from C$17.50 to C$19.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 16th. CIBC lifted their price objective on shares of Parex Resources from C$17.50 to C$18.50 in a research note on Wednesday, February 8th. RBC Capital Markets lifted their price objective on shares of Parex Resources from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Finally, Mackie lifted their price objective on shares of Parex Resources from C$16.75 to C$19.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$19.31.
Parex Resources Company Profile
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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