Parex Resources (TSE:PXT) Price Target Raised to C$30.00

Posted by on Aug 13th, 2026

Parex Resources (TSE:PXT – Get Free Report) had its target price raised by analysts at Scotiabank from C$29.00 to C$30.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 15.52% from the company’s current price.

Parex Resources Price Performance

TSE PXT traded down C$0.23 during trading hours on Thursday, reaching C$25.97. The company’s stock had a trading volume of 196,316 shares, compared to its average volume of 913,451. The stock has a market cap of C$2.50 billion, a PE ratio of 4.36, a PEG ratio of 0.21 and a beta of 0.18. Parex Resources has a fifty-two week low of C$15.59 and a fifty-two week high of C$30.20. The company’s 50-day moving average is C$23.72 and its two-hundred day moving average is C$24.36. The company has a debt-to-equity ratio of 34.66, a quick ratio of 1.45 and a current ratio of 0.88.

Parex Resources (TSE:PXT – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$284.35 million for the quarter. Parex Resources had a net margin of 53.09% and a return on equity of 27.68%.

Insiders Place Their Bets

In related news, insider Imad Mohsen purchased 24,250 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was bought at an average price of C$20.61 per share, with a total value of C$499,792.50. Following the completion of the transaction, the insider owned 165,410 shares of the company’s stock, valued at approximately C$3,409,100.10. This represents a 17.18% increase in their position. Insiders own 1.64% of the company’s stock.

Parex Resources Company Profile

(Get Free Report)

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company’s properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts.

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