Parex Resources stock trades 9.88 percent below RBC's CAD 32.00 target

Published on 10/17/2026 at 22:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 output hit 83,259 boe/d on October 8, 2026. Parex Resources stock last traded at CAD 28.84 on October 16, 2026, up 2.63 percent on TSX.

Analyst view and reporting date

RBC's CAD 32.00 target stood 9.88 percent above the TSX price on October 13, 2026.
Parex Resources reported preliminary third-quarter production of 83,259 boe/d on October 8, 2026.
Parex Resources stock last traded at CAD 28.84 on October 16, 2026, up 2.63 percent on the TSX.
Parex Resources plans to release third-quarter results on November 6, 2026.

PXT, CA69946Q1046, Illustration mit AI erstellt.

Parex Resources (ISIN CA69946Q1046) traded 9.88 percent below RBC Capital Markets' CAD 32.00 target on October 13, 2026, after the target update was reported by Futunn. The distance is calculated against the last TSX price of CAD 28.84.

Production gives the next marker

Parex's preliminary third-quarter production reached 83,259 barrels of oil equivalent per day, according to the company's October 8, 2026 release carried by The Globe and Mail. The release said second-half production guidance remained 82,000 to 91,000 barrels of oil equivalent per day, while full-year guidance remained 63,000 to 67,000 barrels per day.

The production figure places the quarter inside the company's reiterated half-year range. It also gives investors a more immediate operating measure than the target alone, because the next result will test both output and the effect of the Ecopetrol partnership.

Price position and yearly range

Parex Resources was last at CAD 28.84 on the TSX on October 16, 2026 at 4:00 p.m. ET, up 2.63 percent on the day. The quote stood between its 52-week low of CAD 17.12 and high of CAD 30.20, leaving the stock 4.50 percent below the high and 68.46 percent above the low.

Trading volume was 321,587 shares against an average of 790,712 shares. The price therefore finished near the upper end of its yearly range while turnover remained below its average level.

Valuation and November date

Parex Resources had a market capitalization of CAD 2.8 billion, a price-to-earnings ratio of 3.49 and a dividend yield of 0.05 percent as of October 16, 2026. The company's next reporting date is November 6, 2026, when it plans to publish third-quarter financial and operating results before the market opens, according to The Globe and Mail.

Comparison with peers

Parex Resources (TSX, CAD): plus 2.63 percent, P/E 3.49, market capitalization CAD 2.8 billion.

Vermilion Energy (TSX, CAD): plus 4.13 percent, P/E minus 6.26, market capitalization CAD 2.8 billion.

Tamarack Valley Energy (TSX, CAD): plus 2.54 percent, P/E 235.93, market capitalization CAD 6.9 billion.

What investors can measure next

The combination of a CAD 32.00 target and preliminary output of 83,259 barrels of oil equivalent per day leaves the November report as the next measurable checkpoint. The production update also identifies the Ecopetrol partnership and LLA-111 exploration as operating factors for the quarter.

The latest TSX quote was CAD 28.84 on October 16, 2026 at 4:00 p.m. ET, up 2.63 percent on the TSX.