RBC slashed its target price on the stock from $23 per share to $17, and also downgraded the Calgary-based company to 'sector perform' from 'outperform.'
) plummeted in early trading on Thursday after the Calgary-based oil and gas producer operating in Colombia announced the departure of its chief financial officer and a host of operational troubles in the South American country.
Parex cut its mid-point production estimate for this year by 14 per cent to 49,000 barrels of oil equivalent per day from 57,000 boe/d previously. The company also withdrew its three-year outlook plan, based on Arauca’s underperformance. “Disappointing well productivity and water incursion at Arauca are at the heart of Parex’s operating challenges,” Pardy wrote.
Dublin, Aug. 29, 2024 -- The "United States PreK-12 Policy and Budget Outlook 2024-2025" report has been added to ResearchAndMarkets.com's offering. The $190 billion in pandemic-era ESSER funding is winding down, but according to the report, federal appropriations and state budgets for PeK-12 education have remained strong during Fiscal Year 2024.
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