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Parex Resources Stock Price, News & Analysis (TSE:PXT)

C$25.69
-0.58 (-2.21%)
(As of 11:33 AM ET)
Compare
Today's Range
C$25.69
C$26.25
50-Day Range
C$23.21
C$28.05
52-Week Range
C$17.81
C$30.06
Volume
89,267 shs
Average Volume
558,779 shs
Market Capitalization
C$2.68 billion
P/E Ratio
3.59
Dividend Yield
5.84%
Price Target
C$33.08

Parex Resources MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
28.8% Upside
C$33.08 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$253,368 Sold Last Quarter
Proj. Earnings Growth
N/A

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


PXT stock logo

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.

PXT Stock Price History

PXT Stock News Headlines

Henry Ford Would NEVER Have Seen This Coming
In 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.
Parex Resources Inc PXT
TSX Ends Lower For 6th Straight Day, Settles Near 1-year Low
Henry Ford Would NEVER Have Seen This Coming
In 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.
Canadian Market Up Marginally In Lackluster Trade
Closing Bell: Parex Resources Inc up on Thursday (PXT)
The 2 Canadian Energy Stocks Worthy of Your TFSA
PXT:CA Parex Resources Inc.
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Last Earnings
11/07/2023
Today
12/06/2023
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Next Earnings (Estimated)
3/13/2024

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
Sector
Energy
CIK
N/A
Fax
N/A
Employees
428
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$33.08
High Stock Price Target
C$37.50
Low Stock Price Target
C$26.00
Potential Upside/Downside
+25.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
C$575.48 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.17 billion
Cash Flow
C$4.71 per share
Book Value
C$17.84 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.74 billion
Optionable
Not Optionable
Beta
1.68
12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. Imad Mohsen (Age 49)
    President, CEO & Director
    Comp: $1.52M
  • Mr. Eric Furlan
    Chief Operating Officer
  • Mr. Kenneth G. Pinsky CA (Age 60)
    CFA, Executive Officer
    Comp: $702.26k
  • Mr. Michael Kruchten
    Senior Vice President of Capital Markets & Corporate Planning
  • Mr. Daniel Ferreiro
    President of Parex Resources Colombia & Country Manager
  • Mr. Sanjay Bishnoi Ph.D. (Age 49)
    CFO & Corporate Secretary
  • Mr. Joshua Share
    Senior Vice President of Corporate Services
  • Mr. Cam Grainger
    Controller














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

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