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:
- Kevin Fisk of Scotiabank issued a Buy rating with the price target of $ 28.44 on 3 weeks ago
- Unknown Analyst of Cormark Securities issued a Buy rating with the price target of $ 30.74 on 3 weeks ago
- Cody Kwong of Stifel Nicolaus issued a Buy rating with the price target of $ 30.74 on 2 months ago
- Mike Murphy CFA of BMO Capital issued a Buy rating with the price target of $ 27.67 on 2 months ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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