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TSE:PXT

Parex Resources - PXT Stock Forecast, Price & News

C$19.22
-2.36 (-10.94%)
(As of 08/9/2022 04:05 PM ET)
Add
Compare
Today's Range
C$19.19
C$21.00
50-Day Range
C$19.97
C$30.01
52-Week Range
C$17.28
C$30.44
Volume
1.87 million shs
Average Volume
603,419 shs
Market Capitalization
C$2.16 billion
P/E Ratio
3.88
Dividend Yield
4.63%
Price Target
C$36.14

Parex Resources MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
88.0% Upside
C$36.14 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.15mentions of Parex Resources in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
C$207,000 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.

2.55 out of 5 stars

PXT stock logo

About Parex Resources (TSE:PXT) Stock

Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 6,521,632 gross acres. As of December 31, 2021, it had proved plus probable reserves of 198,825 million barrels of oil equivalent. The company was incorporated in 2009 and is headquartered in Calgary, Canada.

Parex Resources Price Performance

TSE:PXT traded down C$0.29 during trading hours on Monday, reaching C$21.58. 414,429 shares of the company's stock were exchanged, compared to its average volume of 594,979. The stock has a market cap of C$2.42 billion and a PE ratio of 4.81. Parex Resources has a one year low of C$17.28 and a one year high of C$30.44. The firm has a fifty day moving average of C$23.60 and a 200-day moving average of C$25.40. The company has a current ratio of 1.84, a quick ratio of 1.77 and a debt-to-equity ratio of 0.48.

Parex Resources (TSE:PXT - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported C$1.58 EPS for the quarter, missing analysts' consensus estimates of C$1.68 by C($0.10). The company had revenue of C$572.13 million during the quarter. On average, equities research analysts predict that Parex Resources will post 7.9499996 earnings per share for the current fiscal year.

Parex Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 30th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This is a positive change from Parex Resources's previous quarterly dividend of $0.14. This represents a $1.00 dividend on an annualized basis and a yield of 4.63%. Parex Resources's dividend payout ratio is 11.18%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PXT. Scotiabank decreased their target price on shares of Parex Resources from C$38.00 to C$34.00 in a research report on Thursday, July 14th. Haywood Securities decreased their target price on shares of Parex Resources from C$45.00 to C$39.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th. Cormark lifted their target price on shares of Parex Resources from C$36.00 to C$40.00 and gave the company an "outperform" rating in a research report on Monday, April 18th. Finally, Stifel Nicolaus decreased their target price on shares of Parex Resources from C$39.00 to C$37.00 in a research report on Friday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$36.14.

Insider Buying and Selling

In other Parex Resources news, Senior Officer Eric Furlan sold 7,500 shares of the stock in a transaction on Monday, May 30th. The stock was sold at an average price of C$27.60, for a total value of C$207,000.00. Following the transaction, the insider now directly owns 162,879 shares in the company, valued at approximately C$4,495,460.40.

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PXT Stock News Headlines

Parex Resources Inc stock decreased on Wednesday.
Parex Resources (TSE:PXT) PT Lowered to C$34.00 at Scotiabank
Parex Resources Inc stock decreased on Friday.
Parex Resources Inc stock advanced on Friday.
2 Cheap Energy Stocks to Buy Now
TSX Snaps 14-day Winning Streak
TSX Marches On, Hits New High
See More Headlines
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PXT Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
8/03/2022
Today
8/09/2022
Next Earnings (Estimated)
11/02/2022

Industry, Sector and Symbol

Industry
Industrial Metals & Minerals
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
371
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$36.14
High Stock Price Forecast
C$40.00
Low Stock Price Forecast
C$33.00
Forecasted Upside/Downside
+88.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.17 billion
Cash Flow
C$3.12 per share
Book Value
C$13.28 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.16 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Imad Mohsen (Age 48)
    Pres, CEO & Director
    Comp: $1.7M
  • Mr. Kenneth G. Pinsky (Age 59)
    CFO & Corp. Sec.
    Comp: $659.95k
  • Mr. Eric Furlan
    Chief Operating Officer
  • Mr. Michael Kruchten
    Sr. VP of Capital Markets & Corp. Planning
  • Mr. Daniel Ferreiro
    Pres of Parex Resources Colombia & Country Mang.
  • Mr. Ryan W. Fowler
    Sr. VP of Exploration & Bus. Devel.
  • Mr. Joshua Share
    Sr. VP of Corp. Services
  • Mr. Jeff Meunier
    VP, New Ventures
  • Mr. Cam Grainger
    Controller













PXT Stock - Frequently Asked Questions

Should I buy or sell Parex Resources stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PXT shares.
View PXT analyst ratings
or view top-rated stocks.

What is Parex Resources' stock price forecast for 2022?

5 brokerages have issued twelve-month target prices for Parex Resources' shares. Their PXT share price forecasts range from C$33.00 to C$40.00. On average, they anticipate the company's share price to reach C$36.14 in the next year. This suggests a possible upside of 84.0% from the stock's current price.
View analysts price targets for PXT
or view top-rated stocks among Wall Street analysts.

How has Parex Resources' stock performed in 2022?

Parex Resources' stock was trading at C$21.61 on January 1st, 2022. Since then, PXT shares have decreased by 9.1% and is now trading at C$19.64.
View the best growth stocks for 2022 here
.

When is Parex Resources' next earnings date?

Parex Resources is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our PXT earnings forecast
.

How were Parex Resources' earnings last quarter?

Parex Resources Inc. (TSE:PXT) posted its quarterly earnings data on Wednesday, August, 3rd. The company reported $1.58 EPS for the quarter, missing analysts' consensus estimates of $1.68 by $0.10. The company had revenue of $572.13 million for the quarter.

How often does Parex Resources pay dividends? What is the dividend yield for Parex Resources?

Parex Resources announced a quarterly dividend on Tuesday, June 14th. Stockholders of record on Thursday, June 30th will be paid a dividend of 0.25 per share on Thursday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Tuesday, June 14th. This is a positive change from the stock's previous quarterly dividend of C$0.14.
Read our dividend analysis for PXT
.

Is Parex Resources a good dividend stock?

Parex Resources (TSE:PXT) pays an annual dividend of C$0.50 per share and currently has a dividend yield of 4.63%. PXT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 10.12%. 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).

What is Parex Resources' stock symbol?

Parex Resources trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PXT."

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.

What is Parex Resources' stock price today?

One share of PXT stock can currently be purchased for approximately C$19.64.

How much money does Parex Resources make?

Parex Resources (TSE:PXT) has a market capitalization of C$2.20 billion and generates C$1.17 billion in revenue each year.

How many employees does Parex Resources have?

Parex Resources employs 371 workers across the globe.

How can I contact Parex Resources?

Parex Resources' mailing address is West Tower, 585 8 Ave SW, CALGARY, AB T2P 1G1, Canada. The official website for the company is www.parexresources.com. The company can be reached via phone at +1-403-2654800.

This page (TSE:PXT) was last updated on 8/9/2022 by MarketBeat.com Staff

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