Parex Resources Inc. (TSE:PXT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.43 and traded as high as C$15.63. Parex Resources shares last traded at C$14.97, with a volume of 983,762 shares changing hands.
Analyst Ratings Changes
Separately, Royal Bank Of Canada boosted their price target on Parex Resources from C$15.00 to C$16.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$20.21.
View Our Latest Stock Analysis on PXT
Parex Resources Price Performance
The business's fifty day moving average is C$12.70 and its 200 day moving average is C$13.45. 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 company has a market cap of C$1.05 billion, a P/E ratio of 4.10, a PEG ratio of 0.21 and a beta of 1.43.
Parex Resources Announces Dividend
The company also recently declared 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 of this dividend was Monday, June 9th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 10.26%. Parex Resources's dividend payout ratio (DPR) is currently 42.12%.
Insider Transactions at Parex Resources
In related news, Senior Officer Imad Mohsen purchased 23,250 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was bought at an average cost 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
(
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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