TSX:PXTOil and Gas
Is It Too Late To Consider Parex Resources (TSX:PXT) After A 61% One-Year Rally?
If you are wondering whether Parex Resources offers good value at around $21.82, or if the easy gains are already behind it, this article is here to help you assess that using clear valuation checks.
The stock has delivered returns of 6.1% over the last 7 days, 12.0% over 30 days, 16.6% year to date, and 61.2% over the past year. These figures will naturally have some investors asking whether the current price still stacks up against fundamentals.
Recent coverage of Parex Resources has...