Parex Resources Inc. (TSE:PXT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.46 and traded as high as C$13.69. Parex Resources shares last traded at C$13.51, with a volume of 603,586 shares.
Analyst Ratings Changes
Separately, Royal Bank of Canada boosted their price objective on shares of Parex Resources from C$15.00 to C$16.00 and gave the company a "sector perform" rating in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$20.21.
Check Out Our Latest Stock Report on Parex Resources
Parex Resources Stock Up 1.1%
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 business's 50-day simple moving average is C$12.13 and its 200-day simple moving average is C$13.45. The company has a market capitalization of C$1.01 billion, a PE ratio of 3.92, a price-to-earnings-growth ratio of 0.21 and a beta of 1.43.
Parex Resources Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 10.74%. The ex-dividend date is Monday, June 9th. Parex Resources's dividend payout ratio is currently 42.12%.
Insider Buying and Selling at Parex Resources
In other news, Director Sigmund Cornelius bought 5,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of C$12.61 per share, with a total value of C$63,063.00. Also, Senior Officer Imad Mohsen bought 23,250 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average price of C$10.83 per share, with a total value of C$251,797.50. Company insiders own 1.64% of the company's stock.
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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