Parex Resources Inc. (TSE:PXT - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.52 and traded as high as C$14.73. Parex Resources shares last traded at C$14.69, with a volume of 495,414 shares.
Wall Street Analysts Forecast Growth
Separately, Scotiabank lifted their target price on shares of Parex Resources from C$14.00 to C$16.00 in a report on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$19.79.
Read Our Latest Research Report on Parex Resources
Parex Resources Price Performance
The company has a current ratio of 1.18, a quick ratio of 1.45 and a debt-to-equity ratio of 1.81. The company has a market capitalization of C$1.04 billion, a PE ratio of 4.04, a price-to-earnings-growth ratio of 0.21 and a beta of 1.43. The stock's 50-day moving average is C$14.15 and its two-hundred day moving average is C$13.51.
Parex Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were issued a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 10.43%. The ex-dividend date was Monday, June 9th. Parex Resources's payout ratio is 42.12%.
Insider Buying and Selling at Parex Resources
In related news, Director Sigmund Cornelius bought 5,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was acquired at an average price of C$15.15 per share, with a total value of C$75,726.75. Company insiders own 1.64% of the company's stock.
Parex Resources Company Profile
(
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Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations.
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