Parex Resources Inc. (TSE:PXT - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada boosted their price target on Parex Resources from C$15.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Four 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 stock currently has a consensus rating of "Hold" and a consensus target price of C$20.21.
Read Our Latest Analysis on Parex Resources
Parex Resources Stock Up 0.1%
The company has a quick ratio of 1.45, a current ratio of 1.18 and a debt-to-equity ratio of 1.81. The business has a 50-day simple moving average of C$12.79 and a two-hundred day simple moving average of C$13.45. The stock has a market capitalization of C$1.07 billion, a P/E ratio of 4.17, a PEG ratio of 0.21 and a beta of 1.43.
Parex Resources Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 10.09%. The ex-dividend date of this dividend was Monday, June 9th. Parex Resources's dividend payout ratio is currently 42.12%.
Insiders Place Their Bets
In related news, Senior Officer Imad Mohsen bought 23,250 shares of Parex Resources stock in a transaction dated Friday, April 11th. The shares were bought at an average cost of C$10.83 per share, for a total transaction of C$251,797.50. 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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