TSE:PXT

Parex Resources Stock Forecast, Price & News

C$20.40

-0.83 (-3.91 %)

(As of 09/17/2021 12:00 AM ET)

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Today's Range

C$20.23

▼

C$21.12

50-Day Range

C$17.76

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C$22.28

52-Week Range

C$12.05

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C$24.33

Volume969,380 shs

Average Volume549,697 shs

Market CapitalizationC$2.52 billion

P/E Ratio9.58

Dividend Yield2.36%

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About Parex Resources

Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 2,323,941 gross acres. As of December 31, 2020, it had proved plus probable reserves of 194,491 million barrels of oil equivalent. The company was incorporated in 2009 and is headquartered in Calgary, Canada.

Parex Resources Inc. (TSE:PXT) Plans Quarterly Dividend of $0.13
September 12, 2021 | americanbankingnews.com

Parex Resources (TSE:PXT) Rating Increased to Outperform at Royal Bank of Canada
September 2, 2021 | americanbankingnews.com

Parex Resources Inc. (TSE:PXT) Receives Consensus Recommendation of "Buy" from Brokerages
August 30, 2021 | americanbankingnews.com

This Top TSX Energy Stock Could Be Due for Another Massive Rally
August 26, 2021 | msn.com

What You Need To Know About Parex Resources Inc.'s (TSE:PXT) Investor Composition
August 19, 2021 | finance.yahoo.com

Parex Resources (PXT) Shares Cross Below 200 DMA
July 19, 2021 | nasdaq.com

CANADA STOCKS - TSX falls 1.13% to 20,061.21
July 9, 2021 | nasdaq.com

Parex Announces Strong Q1 2021 Performance: Top Tier Balance Sheet, Industry Leading Netbacks and Free Cash Flow
May 5, 2021 | finance.yahoo.com

The Parex Resources (TSE:PXT) Share Price Has Gained 81% And Shareholders Are Hoping For More
April 27, 2021 | finance.yahoo.com

Why This Canadian Energy Play Could Be a Double in 2021
April 1, 2021 | ca.finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange TSE
Industry Industrial Metals & Minerals
Sub-IndustryN/A
SectorBasic Materials
Current SymbolTSE:PXT
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.parexresources.com
Phone+1-403-2654800
Employees348
Year FoundedN/A

Sales & Book Value

Annual SalesC$695.88 million
Price / Sales3.63
Cash FlowC$2.97 per share
Price / Cash Flow6.87
Book ValueC$10.85 per share
Price / Book1.88

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares123,762,000
Market CapC$2.52 billion
Next Earnings Date11/3/2021 (Estimated)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

2.47 out of 5 stars

3.5 Analyst's Opinion

Consensus Rating
Parex Resources has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$31.50, Parex Resources has a forecasted upside of 54.4% from its current price of C$20.40.
Amount of Analyst Coverage
Parex Resources has only been the subject of 3 research reports in the past 90 days.

4.7 Community Rank

Outperform Votes
Parex Resources has received 408 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Parex Resources has received 183 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Parex Resources has received 69.04% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Parex Resources and other stocks. Vote “Outperform” if you believe PXT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PXT will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Parex Resources pays a meaningful dividend of 2.36%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Parex Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Parex Resources is 23.49%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Parex Resources insiders have not sold or bought any company stock.

2.5 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Parex Resources is 9.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of Parex Resources is 9.58, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 15.52.
Price to Earnings Growth Ratio
Parex Resources has a PEG Ratio of 0.64. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Parex Resources has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Parex Resources (TSE:PXT) Frequently Asked Questions

Is Parex Resources a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Parex Resources stock.
View analyst ratings for Parex Resources or view top-rated stocks.

What stocks does MarketBeat like better than Parex Resources?

Wall Street analysts have given Parex Resources a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Parex Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Parex Resources' next earnings date?

Parex Resources is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Parex Resources.

How has Parex Resources' stock price been impacted by Coronavirus?

Parex Resources' stock was trading at C$13.96 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PXT shares have increased by 46.1% and is now trading at C$20.40.
View which stocks have been most impacted by COVID-19.

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

Parex Resources announced a quarterly dividend on Tuesday, September 14th. Shareholders of record on Thursday, September 30th will be paid a dividend of 0.125 per share on Thursday, September 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, September 14th.
View Parex Resources' dividend history.

Is Parex Resources a good dividend stock?

Parex Resources pays an annual dividend of C$0.50 per share and currently has a dividend yield of 2.36%. The dividend payout ratio of Parex Resources is 23.49%. This payout ratio is at a healthy, sustainable level, below 75%.
View Parex Resources' dividend history.

What price target have analysts set for PXT?

6 analysts have issued 1 year price targets for Parex Resources' stock. Their forecasts range from C$27.50 to C$34.00. On average, they anticipate Parex Resources' stock price to reach C$31.50 in the next twelve months. This suggests a possible upside of 54.4% from the stock's current price.
View analysts' price targets for Parex Resources or view top-rated stocks among Wall Street analysts.

Who are Parex Resources' key executives?

Parex Resources' management team includes the following people:

Mr. Kenneth G. Pinsky, CFO & Corp. Sec. (Age 58, Pay $614.76k)
Mr. Eric Furlan, Chief Operating Officer
Mr. Michael Kruchten, Sr. VP of Capital Markets & Corp. Planning
Mr. Imad Mohsen, Pres, CEO & Director (Age 47)
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
Mr. Daniel Ferreiro, Pres of Parex Resources Colombia & Country Mang.

Who are some of Parex Resources' key competitors?

Some companies that are related to Parex Resources include BRP (DOO), South32 (S32), ARC Resources (ARX), Polymetal International (POLY), Fresnillo (FRES), Orocobre (ORL), KAZ Minerals (KAZ), Lithium Americas (LAC), Superior Plus (SPB), Uranium Participation (U), Lundin Gold (LUG), Coro Mining (COP), Champion Iron (CIA), Pretium Resources (PVG) and Arizona Mining (AZ).
View all of PXT's competitors.

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 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$20.40.

How much money does Parex Resources make?

Parex Resources has a market capitalization of C$2.52 billion and generates C$695.88 million in revenue each year.

How many employees does Parex Resources have?

Parex Resources employs 348 workers across the globe.

What is Parex Resources' official website?

The official website for Parex Resources is www.parexresources.com.

Where are Parex Resources' headquarters?

Parex Resources is headquartered at West Tower, 585 8 Ave SW, CALGARY, AB T2P 1G1, Canada.

How can I contact Parex Resources?

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

This page was last updated on 9/19/2021 by MarketBeat.com Staff

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