The Globe and Mail reports in its Friday, March 1, edition that RBC Capital analyst Luke Davis is keeping his "sector perform" call on Parex Resources intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Davis reduced his target for Parex to $28 from $22. Analysts on average target the shares at $33.55. Mr. Davis says in a note: "Parex's quarter was in-line with our estimates (CFPS above consensus), though overshadowed by updated reserves that were impacted by meaningful impairments. While a portion was attributable to non-core assets, we believe the negative impact on LLA-34 will be a focal point and likely draw negative attention. We have left our 'outperform' rating unchanged, though we believe the series of negative releases through the beginning of this year has eroded investor confidence, which likely takes time to rebuild." The Globe reported on May 12 and Nov. 10 that Mr. Davis rated Parex Resources "sector perform." The shares could then be had for $26.17 and $27.87. The Globe reported on Jan. 18 that Stifel analyst Cody Kwong had reiterated his "buy" recommendation for Parex Resources. The shares could then be had for $22.11.