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RBC Capital Analyst Reiterates Buy Rating on Parex Resources, PARXF

by Staff Editor
May 12, 2022
in Energy Analysts 

Luke Davis
analyst at RBC Capital reiterates coverage on Parex Resources (PARXF) in the Utilities sector with a Buy rating. TipRanks.com has Davis rated as a 5 star analyst with a 63% return on investment and a 40% success rate. Davis has set a price target of $ 26.9.

TipRanks.com reports that Parex Resources currently has 5 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $29.59. The target pricing ranges from a high forecast of $30.82 down to a low forecast of $26.97. Parex Resources (PARXF)’s last closing price was $$18.27  which would put the average price target at 61.96% upside.

In addition, TradingView issued a n/a rating for PARXF over the next month, Barchart.com has a Weak sell rating and Yahoo! Finance has a Neutral short-term outlook. Remember, securities are volatile, so please do your own research on PARXF.

Other analysts covering PARXF include...

Click for Full Story >>
Tags: Utilities stock watchlist Utilities stocks Utilities stock movers energy stocks Parex Resources stock 

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