Parex Resources stock analysis: Is it still a buy after a 192% surge?

Parex Resources stock has surged 192% in the past year, prompting investor questions about its current valuation. The stock closed at $28.38, with a year-to-date return of 51.6%. Recent performance shows a slight decline over the last week but a gain over the past month. A discounted cash flow analysis suggests Parex Resources is significantly undervalued, with an estimated intrinsic value of $342.05 per share.