Parex Resources Inc. (TSE:PXT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.68 and traded as high as C$16.11. Parex Resources shares last traded at C$16.03, with a volume of 376,935 shares trading hands.
Analysts Set New Price Targets
Several brokerages have recently issued reports on PXT. Royal Bank Of Canada raised their price target on Parex Resources from C$16.00 to C$18.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Scotiabank raised their price target on Parex Resources from C$16.00 to C$17.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Parex Resources currently has a consensus rating of "Hold" and a consensus price target of C$18.58.
View Our Latest Research Report on PXT
Parex Resources Trading Down 1.0%
The company has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 4.72, a P/E/G ratio of 0.21 and a beta of 1.43. The company has a 50-day moving average price of C$15.24 and a 200-day moving average price of C$13.77. The company has a quick ratio of 1.45, a current ratio of 1.18 and a debt-to-equity ratio of 1.81.
Parex Resources Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were paid a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 8.9%. The ex-dividend date was Monday, June 9th. Parex Resources's dividend payout ratio (DPR) is presently 42.12%.
Insider Buying and Selling at Parex Resources
In related news, Director Sigmund Cornelius bought 5,000 shares of Parex Resources stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average price of C$15.15 per share, for a total transaction of C$75,726.75. Insiders own 1.64% of the company's stock.
About Parex Resources
(
Get Free Report)
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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