Parex Resources Inc. (TSE:PXT - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.43 and traded as high as C$14.81. Parex Resources shares last traded at C$14.40, with a volume of 1,153,890 shares trading hands.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada lifted their target price on shares of Parex Resources from C$15.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Parex Resources currently has an average rating of "Hold" and a consensus price target of C$20.21.
View Our Latest Analysis on PXT
Parex Resources Price Performance
The business's 50 day moving average price is C$13.16 and its two-hundred day moving average price is C$13.44. The stock has a market cap of C$987.07 million, a P/E ratio of 3.85, a price-to-earnings-growth ratio of 0.21 and a beta of 1.43. The company has a current ratio of 1.18, a quick ratio of 1.45 and a debt-to-equity ratio of 1.81.
Parex Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were given a dividend of $0.385 per share. The ex-dividend date was Monday, June 9th. This represents a $1.54 dividend on an annualized basis and a yield of 10.95%. Parex Resources's dividend payout ratio (DPR) is currently 42.12%.
Insider Activity at Parex Resources
In other news, Senior Officer Imad Mohsen acquired 23,250 shares of Parex Resources stock in a transaction on Friday, April 11th. The stock was acquired at an average cost of C$10.83 per share, for a total transaction of C$251,797.50. Also, Director Sigmund Cornelius acquired 5,000 shares of Parex Resources stock in a transaction on Friday, June 20th. The shares were purchased at an average price of C$15.15 per share, with a total value of C$75,726.75. 1.64% of the stock is currently owned by corporate insiders.
About Parex Resources
(
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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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