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RBC Capital Markets announced Parex Resources (TSE:PXT), bumping up its stock price target to $17.50 today

Boasting a price of $16.04, Parex Resources (TSE:PXT) traded -0.83% lower on the day. With the last stock price close up 24.19% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Parex Resources has recorded a 50-day average of $15.87 and a two hundred day average of $13.41. Volume of trade was up over the average, with 306,173 shares of PXT changing hands over the typical 299,797

In a report released on 9/28/2016 RBC Capital Markets increased the stock price target of Parex Resources (TSE:PXT) from $16.00 to $17.50 reporting a possible upside of 0.09%.

On Friday September 09, 2016, Canaccord Genuity released a statement for Parex Resources (TSE:PXT) bumped up the target price from $17.00 to $20.00 that suggested an upside of 0.23%.

Performance Chart

Parex Resources (TSE:PXT)

With a total market value of $0, Parex Resources has with a one year low of $7.74 and a one year high of $17.40 .

A total of 13 equity analysts have released a ratings update on PXT. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $14.12.

Brief Synopsis About Parex Resources (TSE:PXT)

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. The Company's annual oil production is approximately 27,430 barrels per day. The Company's principal land holdings and interests in exploration and production blocks held by its subsidiaries include LLA-16, 20, 29 and 30; LLA-57; Los Ocarros; El Eden; Cabrestero; LLA-40; LLA-24; LLA-26; Cebucan; LLA-32; LLA-10, which are located in Colombia Llanos Basin; VMM-11; Morpho; VIM-1, and VMM-9, which are located in Colombia Magdalena Basin. Its subsidiaries include Parex Resources Colombia, Ltd., Ramshorn International Limited and Parex Resources (Trinidad), Ltd., which are engaged in oil and natural gas exploration and development.

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