RBC lifts target for Parex Resources stock to CAD 32.00

Published on 10/15/2026 at 19:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Parex spans CAD 17.12 to CAD 30.20 over 52 weeks. Parex Resources stock costs EUR 17.64 on October 15, 2026, down 0.07 percent on TSX.

Analyst target and price range

On October 13, 2026, RBC Capital set a CAD 32.00 target for Parex Resources.
Parex Resources stock stood 7.02 percent below its CAD 30.20 52-week high on October 15, 2026.
Parex Resources stock cost EUR 17.64 at Lang & Schwarz on October 15, 2026 at 7:30 p.m. CEST, down 0.07 percent on the TSX.
Parex Resources plans to release third-quarter results on November 6, 2026.

PXT, CA69946Q1046, Illustration mit AI erstellt.

RBC Capital raised its price target for Parex Resources from CAD 29.00 to CAD 32.00 on October 13, 2026, while keeping a Sector Perform rating, according to Futu. The new target was 13.96 percent above the TSX price of CAD 28.08 on October 15, 2026. At Lang & Schwarz, the euro quote was EUR 17.64 on October 15, 2026 at 7:30 p.m. CEST; the TSX session was down 0.07 percent.

A 7.02 percent gap to the high

Parex Resources traded within a CAD 17.12 to CAD 30.20 52-week range on October 15, 2026. The TSX price of CAD 28.08 stood 7.02 percent below the high and 64.02 percent above the low. That placement leaves the stock nearer its yearly peak than its yearly floor, while the latest session volume of 149,685 shares was below the 795,688-share average.

Valuation and the next results date

Parex Resources had a market capitalization of CAD 2.7 billion and a trailing price-to-earnings ratio of 3.38 on October 15, 2026. Its trailing dividend yield was 0.05 percent. The company had announced on October 8, 2026 that it would release third-quarter financial and operating results before markets opened on November 6, 2026, as reported by GlobeNewswire. The same release reported preliminary third-quarter average production of 83,259 barrels of oil equivalent per day and reiterated second-half guidance of 82,000 to 91,000 barrels of oil equivalent per day.

Comparison with peers

Parex Resources (TSX, CAD): minus 0.07 percent, P/E 3.38, market capitalization CAD 2.7 billion.

Vermilion Energy (TSX, CAD): plus 1.97 percent, P/E minus 5.95, market capitalization CAD 2.8 billion.

Cenovus Energy (TSX, CAD): minus 1.41 percent, P/E 12.80, market capitalization CAD 84.5 billion.

After-hours price stays above the low

The euro quote from Lang & Schwarz stood at EUR 17.64 on October 15, 2026 at 7:30 p.m. CEST. The comparable TSX session change was minus 0.07 percent, with the Canadian listing closing at CAD 28.08 for the quoted session.

The further course of trading is shown by the continuously updated real-time quote of Parex Resources stock.