Parex Resources traded at 27.92 this Friday May 8th, decreasing 0.19 or 0.68 percent since the previous trading session. Looking back, over the last four weeks, Parex Resources lost 11.81 percent. Over the last 12 months, its price rose by 133.06 percent. Looking ahead, we forecast Parex Resources to be priced at 27.34 by the end of this quarter and at 25.68 in one year, according to Trading Economics global macro models projections and analysts expectations.
Parex Resources Inc is a Canada-based company actively engaged in crude oil exploration, development and production in Colombia. Through foreign subsidiaries, the Company holds interests in onshore exploration and production blocks totaling approximately 1.6 million gross acres. The Company is focused on Colombia where it is conducting activities in the Llanos and Magdalena Basins. It Identifies and acquires prospective resources and engages stakeholders.