Parex Resources Stock Price, News & Analysis (TSE:PXT) C$25.69 -0.58 (-2.21%) (As of 11:33 AM ET) Add Compare Share Share Today's RangeC$25.69▼C$26.2550-Day RangeC$23.21▼C$28.0552-Week RangeC$17.81▼C$30.06Volume89,267 shsAverage Volume558,779 shsMarket CapitalizationC$2.68 billionP/E Ratio3.59Dividend Yield5.84%Price TargetC$33.08 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Parex Resources MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside28.8% UpsideC$33.08 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling SharesC$253,368 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.92 out of 5 stars 3.5 Analyst's Opinion Consensus RatingParex Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$33.08, Parex Resources has a forecasted upside of 28.8% from its current price of C$25.69.Amount of Analyst CoverageParex Resources has only been the subject of 2 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for PXT. Previous Next 2.5 Dividend Strength Dividend LeadershipParex Resources is a leading dividend payer. It pays a dividend yield of 5.51%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthParex Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Parex Resources is 20.95%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PXT. Previous Next 2.9 News and Social Media Coverage News SentimentParex Resources has a news sentiment score of 1.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for Parex Resources this week, compared to 0 articles on an average week.Search InterestOnly 1 people have searched for PXT on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Parex Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Parex Resources insiders have sold 662.86% more of their company's stock than they have bought. Specifically, they have bought C$33,213.00 in company stock and sold C$253,368.00 in company stock.Percentage Held by InsidersOnly 1.53% of the stock of Parex Resources is held by insiders.Percentage Held by Institutions50.72% of the stock of Parex Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Parex Resources is 3.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Parex Resources is 3.59, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 107.93.Price to Earnings Growth RatioParex Resources has a PEG Ratio of 0.21. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioParex Resources has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Parex Resources Stock (TSE:PXT)Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company's principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1. The company was incorporated in 2009 and is headquartered in Calgary, Canada.Read More PXT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PXT Stock News HeadlinesNovember 30, 2023 | americanbankingnews.comParex Resources (TSE:PXT) Shares Pass Above 200-Day Moving Average of $26.43November 29, 2023 | finance.yahoo.comIs There An Opportunity With Parex Resources Inc.'s (TSE:PXT) 50% Undervaluation?December 6, 2023 | Edge On The Street (Ad)Henry Ford Would NEVER Have Seen This ComingIn 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.November 14, 2023 | morningstar.comParex Resources Inc PXTNovember 13, 2023 | msn.comMy 2 Favourite TSX Energy Stocks for November 2023October 25, 2023 | markets.businessinsider.comTSX Ends Lower For 6th Straight Day, Settles Near 1-year LowAugust 26, 2023 | msn.com3 Top Canadian Energy Stocks to Buy for DividendsAugust 24, 2023 | finanznachrichten.deParex Resources Inc.: Parex Resources Announces Appointment of Sanjay Bishnoi to Chief Financial OfficerDecember 6, 2023 | Edge On The Street (Ad)Henry Ford Would NEVER Have Seen This ComingIn 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.August 21, 2023 | theglobeandmail.comParex Resources: Top 25 Undervalued Toronto Stock Exchange Stocks (PXT)August 4, 2023 | finance.yahoo.comAnalysts Just Made A Major Revision To Their Parex Resources Inc. (TSE:PXT) Revenue ForecastsAugust 2, 2023 | finance.yahoo.comAre Robust Financials Driving The Recent Rally In Parex Resources Inc.'s (TSE:PXT) Stock?July 27, 2023 | finance.yahoo.comEnergy Transition and Emerging Technology Companies are Set to Present at the 28th Annual EnerCom Denver - The Energy Investment Conference, to be held August 13-16, 2023, in Denver, ColoradoJuly 17, 2023 | msn.comTSX ends lower as Chinese data weighs on commodity pricesJuly 13, 2023 | markets.businessinsider.comCanadian Market Up Marginally In Lackluster TradeJuly 2, 2023 | finance.yahoo.comHere's Why Parex Resources (TSE:PXT) Has Caught The Eye Of InvestorsJune 8, 2023 | finance.yahoo.comAre Investors Undervaluing Parex Resources Inc. (TSE:PXT) By 25%?May 2, 2023 | theglobeandmail.comClosing Bell: Parex Resources Inc down on Tuesday (PXT)April 22, 2023 | msn.comSTIFEL CANADA Maintains Parex Resources (TSX:PXT) Buy RecommendationApril 22, 2023 | msn.comPARADIGM CAPITAL Maintains Parex Resources (TSX:PXT) Buy RecommendationApril 7, 2023 | theglobeandmail.comClosing Bell: Parex Resources Inc up on Thursday (PXT)April 4, 2023 | ca.finance.yahoo.comThe 2 Canadian Energy Stocks Worthy of Your TFSAFebruary 23, 2023 | finance.yahoo.comIs Parex Resources Inc.'s (TSE:PXT) Recent Stock Performance Tethered To Its Strong Fundamentals?February 9, 2023 | finance.yahoo.comParex Resources (TSE:PXT) Is Increasing Its Dividend To $0.375January 23, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, Parex Resources (TSE:PXT) Presents An OpportunityJanuary 17, 2023 | seekingalpha.comPXT:CA Parex Resources Inc.December 30, 2022 | finance.yahoo.comIs Parex Resources Inc. (TSE:PXT) Trading At A 44% Discount?See More Headlines Receive PXT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Parex Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 9/29 Dividend9/14/2023Dividend Payable9/29/2023Last Earnings11/07/2023Today12/06/2023Ex-Dividend for 12/29 Dividend12/14/2023Dividend Payable12/29/2023Next Earnings (Estimated)3/13/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas E&P Sub-IndustryN/A SectorEnergy Current SymbolTSE:PXT CUSIPN/A CIKN/A Webwww.parexresources.com Phone+1-403-2654800FaxN/AEmployees428Year FoundedN/APrice Target and Rating Average Stock Price TargetC$33.08 High Stock Price TargetC$37.50 Low Stock Price TargetC$26.00 Potential Upside/Downside+25.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)C$7.16 Trailing P/E Ratio3.67 Forward P/E Ratio4.17 P/E Growth0.21Net IncomeC$575.48 million Net Margins49.11% Pretax MarginN/A Return on Equity34.28% Return on Assets16.31% Debt Debt-to-Equity Ratio0.34 Current Ratio0.81 Quick Ratio1.45 Sales & Book Value Annual SalesC$1.17 billion Price / Sales2.35 Cash FlowC$4.71 per share Price / Cash Flow5.57 Book ValueC$17.84 per share Price / Book1.47Miscellaneous Outstanding Shares104,450,000Free FloatN/AMarket CapC$2.74 billion OptionableNot Optionable Beta1.68 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Imad Mohsen (Age 49)President, CEO & Director Comp: $1.52MMr. Eric FurlanChief Operating OfficerMr. Kenneth G. Pinsky CA (Age 60)CFA, Executive Officer Comp: $702.26kMr. Michael KruchtenSenior Vice President of Capital Markets & Corporate PlanningMr. Daniel FerreiroPresident of Parex Resources Colombia & Country ManagerMr. Sanjay Bishnoi Ph.D. (Age 49)CFO & Corporate Secretary Mr. Joshua ShareSenior Vice President of Corporate ServicesMr. Cam GraingerControllerMore ExecutivesKey CompetitorsVermilion EnergyTSE:VETNuVista EnergyTSE:NVAPeyto Exploration & DevelopmentTSE:PEYFreehold RoyaltiesTSE:FRUAthabasca OilTSE:ATHView All CompetitorsInsidersImad MohsenBought 1,120 shares on 11/14/2023Total: C$30,016.00 ($26.80/share)Robert John EngbloomSold 9,200 sharesTotal: C$253,368.00 ($27.54/share)Imad MohsenBought 115 shares on 11/9/2023Total: C$3,197.00 ($27.80/share)Kenneth George PinskySold 17,250 sharesTotal: C$354,487.50 ($20.55/share)View All Insider Transactions PXT Stock Analysis - Frequently Asked Questions Should I buy or sell Parex Resources stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PXT shares. View PXT analyst ratings or view top-rated stocks. What is Parex Resources' stock price target for 2024? 3 analysts have issued 12 month price objectives for Parex Resources' stock. Their PXT share price targets range from C$26.00 to C$37.50. On average, they expect the company's share price to reach C$33.08 in the next year. This suggests a possible upside of 28.8% from the stock's current price. View analysts price targets for PXT or view top-rated stocks among Wall Street analysts. How have PXT shares performed in 2023? Parex Resources' stock was trading at C$20.15 at the beginning of 2023. Since then, PXT stock has increased by 27.5% and is now trading at C$25.69. View the best growth stocks for 2023 here. When is Parex Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024. View our PXT earnings forecast. How were Parex Resources' earnings last quarter? Parex Resources Inc. (TSE:PXT) announced its quarterly earnings data on Tuesday, November, 7th. The company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.34. The company had revenue of $515.18 million for the quarter. Parex Resources had a net margin of 49.11% and a trailing twelve-month return on equity of 34.28%. How often does Parex Resources pay dividends? What is the dividend yield for Parex Resources? Parex Resources announced a quarterly dividend on Tuesday, November 7th. Investors of record on Friday, December 15th will be given a dividend of 0.375 per share on Friday, December 29th. This represents a $1.50 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for PXT. Is Parex Resources a good dividend stock? Parex Resources (TSE:PXT) pays an annual dividend of C$1.50 per share and currently has a dividend yield of 5.51%. PXT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 20.95%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for PXT. What other stocks do shareholders of Parex Resources own? Based on aggregate information from My MarketBeat watchlists, some companies that other Parex Resources investors own include Air Canada (AC), Whitecap Resources (WCP), Bank of America (BAC), Cenovus Energy (CVE), Vermilion Energy (VET), Canadian Natural Resources (CNQ), Enbridge (ENB), Gran Tierra Energy (GTE), Intelsat (I) and Suncor Energy (SU). How do I buy shares of Parex Resources? Shares of PXT stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. This page (TSE:PXT) was last updated on 12/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Parex Resources Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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