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Parex Resources ( (TSE:PXT) ) has provided an update.
Parex Resources reported a strong operational finish to 2025, with fourth-quarter average production rising 11% quarter-over-quarter to 48,606 boe/d, driven by new wells at its LLA-32 and LLA-74 blocks and supported by ongoing drilling activity in the Putumayo Basin and at Capachos. The company also disclosed that its Guapo-1 exploration well on the VIM-1 block, drilled to approximately 15,000 feet at a net cost of about $12 million, has been deemed non-commercial and abandoned, underscoring both the ongoing exploration risk in its Colombian portfolio and the importance of its producing assets in sustaining volumes and funding future programs.
The most recent analyst rating on (TSE:PXT) stock is a Hold with a C$20.00 price target. To see the full list of analyst forecasts on Parex Resources stock, see the TSE:PXT Stock Forecast page.
Spark’s Take on TSE:PXT Stock
According to Spark, TipRanks’ AI Analyst, TSE:PXT is a Outperform.
Parex Resources is well-positioned with strong financial performance and attractive valuation metrics. The earnings call highlights robust production growth and operational efficiency, which are significant positives. However, technical analysis indicates some bearish momentum, which could pose short-term challenges. Overall, the company is fundamentally strong with a promising outlook.
To see Spark’s full report on TSE:PXT stock, click here.
More about Parex Resources
Parex Resources Inc. is one of the largest independent oil and gas producers in Colombia, specializing in sustainable, conventional crude oil and natural gas production. Headquartered in Calgary with operations managed from Bogotá, the company is listed on the Toronto Stock Exchange under the symbol PXT and focuses on development in key Colombian basins such as the Llanos and Magdalena.
Average Trading Volume: 549,250
Technical Sentiment Signal: Buy
Current Market Cap: C$1.86B
For detailed information about PXT stock, go to TipRanks’ Stock Analysis page.