Parex Resources Inc. (TSE:PXT - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.60 and traded as high as C$16.38. Parex Resources shares last traded at C$16.17, with a volume of 234,220 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on PXT shares. Royal Bank Of Canada upped their price objective on shares of Parex Resources from C$16.00 to C$18.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Scotiabank upped their price objective on shares of Parex Resources from C$16.00 to C$17.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Four equities 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, Parex Resources currently has an average rating of "Hold" and an average target price of C$18.58.
View Our Latest Research Report on PXT
Parex Resources Trading Down 1.3%
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 firm's 50-day moving average price is C$14.99 and its 200 day moving average price is C$13.63. The company has a market capitalization of C$1.11 billion, a P/E ratio of 4.31, a P/E/G ratio of 0.21 and a beta of 1.43.
Parex Resources Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were given a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend was Monday, June 9th. Parex Resources's dividend payout ratio is presently 42.12%.
Insider Transactions at Parex Resources
In other news, Director Sigmund Cornelius acquired 5,000 shares of Parex Resources stock in a transaction on Friday, June 20th. The stock was acquired at an average cost of C$15.15 per share, with a total value 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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