The Globe and Mail reports in its Friday, Sept. 20, edition that BMO Capital analyst Jeremy McCrea resumed coverage of Parex Resources with a "market perform" ranking and Street-low $13 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $22.20. Mr. McCrea says in a note: "Colombia hasn't been kind to Canadian-listed E&P names. Government regulation, drilling exploration risk and social unrest have historically warranted caution. This may explain the valuation, but for Parex specifically, despite multiple years of success, it has recently been upended by underwhelming production results. It's likely that investors stay sidelined given the uncertainty for 2025 (including pending well results). That said, with insider buying, a low valuation, and potentially a high deliverability fairway to be explored, there should be plenty of upside for higher-risk investors. We reinstate coverage at 'market perform.'" The Globe reported on Aug. 30 that Eight Capital analyst Phil Skolnick had downgraded Parex Resources to "neutral" from "buy." The shares were then going for $13.53.