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Parex Resources - PXT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: C$21.86
  • Forecasted Upside: 61.77%
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
C$13.51 As of 12/20/2024 06:17 PM ET
▲ +0.17 (1.27%)

This chart shows the closing price for PXT by one month, three months, or twelve months.

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Analyst Price Target for PXT

Analyst Price Target is C$21.86
▲ +61.77% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Parex Resources in the last 3 months. The average price target is C$21.86, with a high forecast of C$31.00 and a low forecast of C$14.00. The average price target represents a 61.77% upside from the last price of C$13.51.

This chart shows the closing price for PXT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 6 contributing investment analysts is to hold stock in Parex Resources. This rating has held steady since August 2024, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/30/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/28/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/27/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/24/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/22/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
11/21/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/21/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/7/2024BMO Capital MarketsBoost TargetC$13.00 ➝ C$14.00
9/19/2024BMO Capital MarketsSet TargetMarket PerformC$13.00
9/17/2024Royal Bank of CanadaLower TargetC$17.00 ➝ C$15.00
8/30/2024Eight CapitalDowngradeBuy ➝ NeutralC$32.50 ➝ C$16.00
8/30/2024Haywood SecuritiesLower TargetBuyC$33.00 ➝ C$25.00
8/30/2024ScotiabankLower TargetSector PerformC$23.00 ➝ C$19.00
8/29/2024Jefferies Financial GroupLower TargetC$23.80 ➝ C$19.50
8/29/2024Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$23.00 ➝ C$17.00
8/16/2024ScotiabankLower TargetSector PerformC$27.00 ➝ C$23.00
8/2/2024Royal Bank of CanadaLower TargetOutperformC$28.00 ➝ C$23.00
8/1/2024CormarkLower TargetC$33.00 ➝ C$30.00
8/1/2024Jefferies Financial GroupLower TargetC$27.20 ➝ C$23.80
3/4/2024Stifel NicolausLower TargetBuyC$32.75 ➝ C$31.00
3/1/2024ScotiabankLower TargetSector PerformC$28.00 ➝ C$27.00
3/1/2024Royal Bank of CanadaLower TargetOutperformC$32.00 ➝ C$28.00
2/14/2024ScotiabankLower TargetSector PerformC$31.00 ➝ C$28.00
1/17/2024Royal Bank of CanadaLower TargetOutperformC$33.00 ➝ C$32.00
1/17/2024Stifel NicolausLower TargetBuyC$37.50 ➝ C$32.75
1/16/2024TD SecuritiesLower TargetC$28.70 ➝ C$27.20
11/9/2023Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$30.00 ➝ C$33.00
10/26/2023Canaccord Genuity GroupBoost TargetC$33.00 ➝ C$34.00
10/16/2023Stifel NicolausLower TargetBuyC$39.00 ➝ C$37.50
10/16/2023BMO Capital MarketsLower TargetC$35.00 ➝ C$34.00
7/13/2023BMO Capital MarketsBoost TargetC$33.00 ➝ C$35.00
4/20/2023BarclaysBoost TargetC$29.00 ➝ C$34.00
3/10/2023Stifel NicolausBoost TargetC$33.00 ➝ C$36.00
2/6/2023Stifel NicolausBoost TargetC$31.00 ➝ C$33.00
2/3/2023ScotiabankBoost TargetC$24.00 ➝ C$26.00
1/18/2023BarclaysSet TargetOverweightC$29.00
1/16/2023Stifel NicolausBoost TargetC$30.00 ➝ C$31.00
12/30/2022Royal Bank of CanadaSet TargetOutperformC$28.00
12/13/2022BMO Capital MarketsLower TargetC$32.00 ➝ C$30.00
12/7/2022Stifel NicolausLower TargetC$35.00 ➝ C$30.00
11/23/2022ScotiabankLower TargetC$29.00 ➝ C$24.00
11/11/2022Haywood SecuritiesLower TargetC$36.00 ➝ C$30.00
10/17/2022Stifel NicolausLower TargetC$37.00 ➝ C$35.00
10/14/2022Royal Bank of CanadaLower TargetOutperformC$38.00 ➝ C$36.00
10/13/2022ScotiabankLower TargetC$34.00 ➝ C$29.00
8/5/2022Stifel NicolausLower TargetC$39.00 ➝ C$37.00
7/27/2022Haywood SecuritiesLower TargetOutperformC$45.00 ➝ C$39.00
7/14/2022ScotiabankLower TargetC$38.00 ➝ C$34.00
7/4/2022Stifel NicolausLower TargetC$42.00 ➝ C$39.00
6/8/2022ScotiabankBoost TargetC$37.00 ➝ C$38.00
5/12/2022Stifel NicolausBoost TargetC$40.00 ➝ C$42.00
4/18/2022CormarkBoost TargetOutperformC$36.00 ➝ C$40.00
3/8/2022ScotiabankBoost TargetC$35.00 ➝ C$36.00
2/4/2022Royal Bank of CanadaBoost TargetOutperformC$32.00 ➝ C$34.00
2/3/2022BMO Capital MarketsReiterated RatingBuyC$34.00 ➝ C$36.00
11/4/2021National BanksharesLower TargetOutperformC$35.00 ➝ C$33.00
10/14/2021ScotiabankBoost TargetC$34.00 ➝ C$35.00
9/2/2021Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$26.00 ➝ C$28.00
8/5/2021National Bank FinancialLower TargetOutperformC$34.00
8/5/2021National BanksharesLower TargetOutperformC$36.00 ➝ C$34.00
7/15/2021ScotiabankBoost TargetC$32.00 ➝ C$34.00
7/8/2021National Bank FinancialBoost TargetOutperformC$35.00 ➝ C$36.00
7/8/2021National BanksharesBoost TargetOutperformC$35.00 ➝ C$36.00
6/17/2021National Bank FinancialBoost TargetOutperformC$35.00
6/17/2021National BanksharesBoost TargetC$30.00 ➝ C$35.00
5/18/2021National Bank FinancialLower TargetOutperformC$31.00 ➝ C$30.00
5/18/2021National BanksharesLower TargetOutperformC$31.00 ➝ C$30.00
5/18/2021BMO Capital MarketsLower TargetOutperformC$32.00 ➝ C$30.00
5/12/2021Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$26.00
5/6/2021National Bank FinancialLower TargetOutperformC$31.00
5/6/2021National BanksharesLower TargetOutperformC$34.00 ➝ C$31.00
4/27/2021Haywood SecuritiesBoost TargetBuyC$31.00 ➝ C$32.50
4/16/2021National Bank FinancialLower TargetOutperformC$35.00 ➝ C$34.00
4/16/2021National BanksharesLower TargetOutperformC$35.00 ➝ C$34.00
4/16/2021CIBCBoost TargetOutperformC$27.50
4/15/2021ScotiabankBoost TargetC$30.00 ➝ C$31.00
3/22/2021ScotiabankBoost TargetC$28.00 ➝ C$30.00
3/12/2021ScotiabankBoost TargetC$26.00 ➝ C$28.00
3/5/2021CormarkBoost TargetC$30.00 ➝ C$32.50
3/4/2021BMO Capital MarketsBoost TargetC$28.00 ➝ C$30.00
2/19/2021National Bank FinancialBoost TargetC$30.00 ➝ C$35.00
2/17/2021Eight CapitalReiterated RatingNAC$31.00
1/14/2021ScotiabankBoost TargetC$24.00 ➝ C$26.00
1/12/2021CormarkBoost TargetC$25.00 ➝ C$30.00
12/16/2020CIBCBoost TargetC$22.00 ➝ C$25.00
11/16/2020National Bank FinancialLower TargetOutperformC$23.00 ➝ C$19.00
8/7/2020Royal Bank of CanadaBoost TargetOutperformC$23.00 ➝ C$24.00
8/6/2020BMO Capital MarketsBoost TargetC$24.00 ➝ C$25.00
7/16/2020CIBCBoost TargetC$20.00 ➝ C$22.00
6/26/2020Royal Bank of CanadaBoost TargetOutperformC$21.00 ➝ C$23.00
4/6/2020National Bank FinancialLower TargetOutperformC$26.00 ➝ C$25.00
3/16/2020Royal Bank of CanadaUpgradeOutperform ➝ Top PickC$25.00 ➝ C$21.00
3/10/2020National Bank FinancialLower TargetOutperformC$33.00 ➝ C$25.00
3/3/2020BMO Capital MarketsReiterated RatingOutperformC$28.00
2/7/2020National Bank FinancialBoost TargetOutperformC$31.00 ➝ C$33.00
1/31/2020National Bank FinancialLower TargetOutperformC$32.00 ➝ C$31.00
1/14/2020ScotiabankBoost TargetC$29.00 ➝ C$30.50
(Data available from 12/21/2019 forward)

News Sentiment Rating

0.71 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2024
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 0 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 0 very positive mentions
  • 9 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 13 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Parex Resources logo
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. Oil production is sold to a small basket of participants in South and North America.
Read More

Today's Range

Now: C$13.51
Low: C$13.18
High: C$13.63

50 Day Range

MA: C$13.93
Low: C$12.46
High: C$15.32

52 Week Range

Now: C$13.51
Low: C$11.33
High: C$25.78

Volume

1,718,330 shs

Average Volume

720,271 shs

Market Capitalization

C$1.37 billion

P/E Ratio

3.22

Dividend Yield

11.53%

Beta

1.43

Frequently Asked Questions

What sell-side analysts currently cover shares of Parex Resources?

The following Wall Street research analysts have issued reports on Parex Resources in the last twelve months: BMO Capital Markets, Cormark, Eight Capital, Haywood Securities, Jefferies Financial Group Inc., Royal Bank of Canada, Scotiabank, Stifel Nicolaus, and TD Securities.
View the latest analyst ratings for PXT.

What is the current price target for Parex Resources?

0 Wall Street analysts have set twelve-month price targets for Parex Resources in the last year. Their average twelve-month price target is C$21.86, suggesting a possible upside of 61.8%. Stifel Nicolaus has the highest price target set, predicting PXT will reach C$31.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of C$14.00 for Parex Resources in the next year.
View the latest price targets for PXT.

What is the current consensus analyst rating for Parex Resources?

Parex Resources currently has 4 hold ratings and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in PXT, but not buy more shares or sell existing shares.
View the latest ratings for PXT.

What other companies compete with Parex Resources?

Other companies that are similar to Parex Resources include Paramount Resources, Peyto Exploration & Development, NuVista Energy, Baytex Energy and Athabasca Oil. Learn More about companies similar to Parex Resources.

How do I contact Parex Resources' investor relations team?

Parex Resources' physical mailing address is West Tower, 585 8 Ave SW, CALGARY, AB T2P 1G1, Canada. The company's listed phone number is +1-403-2654800. The official website for Parex Resources is www.parexresources.com. Learn More about contacing Parex Resources investor relations.