Shares of Parex Resources Inc. (TSE:PXT - Get Free Report) passed 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 trading hands.
Analyst Ratings Changes
Separately, Scotiabank lifted their price target on shares of 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$19.79.
Get Our Latest Research Report on PXT
Parex Resources Trading Down 0.6%
The business's 50-day moving average price is C$13.73 and its 200 day moving average price is C$13.50. The company has a market cap of C$1.02 billion, a P/E ratio of 3.97, 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 quick ratio of 1.45 and a current ratio of 1.18.
Parex Resources Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were given a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 10.62%. The ex-dividend date was Monday, June 9th. Parex Resources's dividend payout ratio (DPR) is presently 42.12%.
Insider Activity at Parex Resources
In other news, Director Sigmund Cornelius acquired 5,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was bought 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 company 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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