Parex Resources Inc. (TSE:PXT - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$13.48 and traded as high as C$14.39. Parex Resources shares last traded at C$14.34, with a volume of 582,484 shares traded.
Analysts Set New Price Targets
Separately, Scotiabank lifted their target price on Parex Resources from C$14.00 to C$16.00 in a research note on Friday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$19.79.
View Our Latest Stock Report on Parex Resources
Parex Resources Stock Up 1.7%
The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of 3.99, a P/E/G ratio of 0.21 and a beta of 1.43. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.18 and a quick ratio of 1.45. The firm's fifty day moving average is C$13.65 and its two-hundred day moving average is C$13.48.
Parex Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 dividend yield of 10.56%. Parex Resources's dividend payout ratio (DPR) is presently 42.12%.
Insider Activity
In other Parex Resources news, Director Sigmund Cornelius bought 5,000 shares of the stock in a transaction on Friday, June 20th. The shares were purchased at an average cost of C$15.15 per share, with a total value of C$75,726.75. Corporate 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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