Parex Resources (PARXF) Expected to Post Earnings on Friday

Parex Resources (OTCMKTS:PARXF) is anticipated to issue its resultson Friday, July 31st. Analysts expect the company to announce earnings of $0.9180 per share and revenue of $233.3880 million for the quarter.

Parex Resources Stock Performance

Parex Resources stock opened at $16.30 on Thursday. Parex Resources has a 12-month low of $10.98 and a 12-month high of $22.14. The company has a 50-day moving average price of $17.04 and a 200 day moving average price of $17.32.

Analyst Upgrades and Downgrades

Separately, Scotiabank reissued a “sector perform” rating on shares of Parex Resources in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Parex Resources Company Profile

Parex Resources Inc is a Canada-based exploration and production company primarily engaged in the acquisition, development and production of oil resources. The company holds a portfolio of prolific onshore blocks in Colombia, targeting both light and medium crude oil. Parex employs a strategic exploration approach, integrating seismic studies and advanced drilling techniques to optimize reservoir development and enhance recovery rates.

Headquartered in Calgary, Alberta, Parex has focused its operations on Colombia’s Llanos Basin and the Caguan and Putumayo basins.