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Analysts Offer Insights on Energy Companies: Parex Resources (OtherPARXF) and North American Construction Group (NOA)

Tipranks - Tipranks - Wed Apr 29, 7:56AM CDT

Analysts fell to the sidelines weighing in on Parex Resources (PARXF) and North American Construction Group (NOA) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Parex Resources (PARXF)

Jefferies analyst Alejandro Demichelis maintained a Hold rating on Parex Resources today and set a price target of C$30.00. The company’s shares closed last Monday at $20.29.

According to TipRanks.com, Demichelis is ranked #3439 out of 12209 analysts.

Currently, the analyst consensus on Parex Resources is a Moderate Buy with an average price target of $24.69.

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North American Construction Group (NOA)

North American Construction Group received a Hold rating and a C$21.00 price target from ATB Cormark Capital Markets analyst Tim Monachello today. The company’s shares closed last Monday at $14.34.

Monachello has an average return of 14.2% when recommending North American Construction Group. ;'>

According to TipRanks.com, Monachello is ranked #12114 out of 12209 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for North American Construction Group with a $19.02 average price target, a 31.2% upside from current levels. In a report issued on April 21, BMO Capital also maintained a Hold rating on the stock with a $21.00 price target.

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