Risk factor
Good trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Parex Resources Inc. is an energy firm primarily focused on the exploration, development, and extraction of crude oil and natural gas within Colombia. The company holds significant onshore exploration and production blocks, encompassing approximately 6,521,632 gross acres. As of December 31, 2021, its estimated proved plus probable reserves totaled 198,825 million barrels of oil equivalent. Founded in 2009, Parex is headquartered in Calgary, Canada.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD
Target Price
The average target price of PXT.TO is 31 and suggests 17% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increa