Parex Resources (PARXF) Projected to Post Quarterly Earnings on Friday

Parex Resources (OTCMKTS:PARXF) is expected to post its resultson Friday, November 6th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $386.44 million for the quarter.

Parex Resources Price Performance

PARXF stock opened at $18.49 on Wednesday. Parex Resources has a 12 month low of $12.20 and a 12 month high of $22.14. The company’s 50-day moving average price is $20.01 and its two-hundred day moving average price is $18.20.

Analysts Set New Price Targets

Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Parex Resources in a report on Monday, October 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Parex Resources currently has an average rating of “Moderate Buy”.

About Parex Resources

Parex Resources Inc is a Canadian independent oil and gas exploration and production company headquartered in Calgary, Alberta. The company focuses primarily on the exploration, development and production of crude oil and natural gas in Colombia.

Parex’s operations are concentrated in Colombia’s Llanos and Middle Magdalena basins, where it holds interests in a portfolio of producing fields and exploration properties. Its activities include seismic evaluation, drilling, field development, production optimization and related infrastructure management.