Parex Resources: Stocks Analysts Recently Downgraded on TSX (PXT)
Parex Resources Inc is among the group of Toronto Stock Exchange stocks recently downgraded by analysts. This means each stock on this list has seen its averge consensus value drop in the last week so at least one analyst has downgraded their view on these stocks.
This report is generated monthly. It displays the number of analysts along with their buy-hold-sell ratings for the company. A company is included in this list when its mean rating decreases from the previous week. Stocks in this category are generally sold to preserve capital.
Companies can get downgraded for a number of reasons - but primarily due to reduced future earnings potential due to loss of contracts, new faltering product lines or increasing costs relative to revenue or financial risk.
| Symbol | Name | Buy | Out Perform | Hold | Under Perform | Sell | No Opinion | Mean Rating | Prev Mean Rating | Mean Label |
|---|---|---|---|---|---|---|---|---|---|---|
| ERF | Enerplus Corp | 1 | 0 | 0 | 0 | 5 | 0 | 1.6667 | 2.1429 | Underperform |
| PXT | Parex Resources Inc | 6 | 0 | 1 | 0 | 0 | 0 | 4.7143 | 4.75 | Buy |
| IPCO | International Petroleum Corp | 3 | 0 | 2 | 0 | 0 | 0 | 4.2 | 4.3333 | Outperform |
| CJ | Cardinal Energy Ltd | 2 | 0 | 3 | 0 | 0 | 0 | 3.8 | 4 | Outperform |
All data provided as of April 19, 2024.
More about Parex Resources Inc
Parex Resources Inc engages in exploration, development, production and marketing of oil and natural gas. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. The operating segments of the company are; Columbia which is also its key revenue generating segment, and Canada.
Parex Resources Inc is listed under PXT on the Toronto Stock Exchange.
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