Parex Resources traded at 23.24 this Wednesday July 15th, decreasing 0.26 or 1.11 percent since the previous trading session. Looking back, over the last four weeks, Parex Resources lost 4.83 percent. Over the last 12 months, its price rose by 62.75 percent. Looking ahead, we forecast Parex Resources to be priced at 21.81 by the end of this quarter and at 20.40 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.