Parex Resources stock gained 0.70 percent on October 6

Published on 10/07/2026 at 02:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Parex Resources stock posted Q2 EPS of USD 4.62 versus USD 0.50 in Q2 2025. Revenue rose 87 percent to USD 395.9 million, while 7 analysts set a Buy consensus.

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Parex Resources stock (ISIN CA69946Q1046) was last at CAD 27.51 on the TSX on October 6, 2026, up 0.70 percent from the prior session. The move followed a second quarter in which reported EPS reached USD 4.62, versus USD 0.50 in Q2 2025, according to Simply Wall St.

Q2 earnings reset the baseline

Simply Wall St reported Q2 2026 revenue of USD 395.9 million, an 87 percent increase from Q2 2025. The same results summary put net income at USD 444.3 million, compared with USD 49.1 million a year earlier, making the earnings comparison the clearest driver of the current valuation discussion.

The reporting currency matters for investors comparing the operating result with the stock quote: Parex reports the quarterly figures in USD, while its primary TSX share price is quoted in CAD. The company operates as a Colombian-focused oil and gas producer, with exploration and production assets across the Llanos, Magdalena and Putumayo basins.

Consensus target stays above CAD 31

StockAnalysis listed a Buy consensus from 7 analysts, an average price target of CAD 31.25 and a latest target range of CAD 29.00 to CAD 37.00 on September 29, 2026. Against the CAD 27.51 share price on October 6, the average target lies 13.59 percent above the price, a quantified gap that keeps analyst expectations ahead of the market quote.

MarketBeat reported that Scotiabank raised its price target from CAD 29.00 to CAD 30.00 while retaining a sector perform rating in an August 13, 2026 research note. The same report placed the average rating at Hold and the average target at CAD 26.62, showing that the broader analyst picture depends on which coverage set is used.

Stock remains below its yearly high

Parex Resources stock traded within a CAD 26.88 to CAD 27.72 daily range on October 6, while its 52-week range stood at CAD 10.45 to CAD 30.20. The CAD 27.51 price was 8.90 percent below the yearly high, leaving the earnings improvement and production execution as the key measures behind any further rerating.

Yahoo Finance lists November 3, 2026 as Parex Resources' earnings date. That upcoming checkpoint follows the Q2 result and gives investors a defined date for testing whether the reported earnings jump is supported by the next operating update.

CAD 27.51 remains the reference price

Parex Resources stock was last at CAD 27.51 on the TSX on October 6, 2026, with a 0.70 percent daily gain and a market capitalization of CAD 2.6 billion. The stock's volume was 718,033 shares.