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Parex Resources price target lowered to C$14 from C$17 at Scotiabank

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Parex Resources price target lowered to C$14 from C$17 at Scotiabank

TipRanks

Sat, Apr 12, 2025, 7:40 AM 1 min read

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Scotiabank analyst Kevin Fisk lowered the firm’s price target on Parex Resources (PARXF) to C$14 from C$17 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.

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