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DOW   33,336.67
QQQ   324.08
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Why Invest in High-Yield Dividend Stocks?
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New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
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Most profitable less than $5 stock in the world? (Ad)pixel
Why Invest in High-Yield Dividend Stocks?
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Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
TSE:PXT

Parex Resources - PXT Stock Forecast, Price & News

C$20.23
+0.68 (+3.48%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
C$19.80
C$20.79
50-Day Range
C$19.22
C$30.01
52-Week Range
C$17.28
C$30.44
Volume
659,110 shs
Average Volume
608,865 shs
Market Capitalization
C$2.27 billion
P/E Ratio
4.08
Dividend Yield
5.12%
Price Target
C$36.14

Parex Resources MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
78.7% Upside
C$36.14 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.48mentions of Parex Resources in the last 14 days
Based on 5 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.

2.46 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 Stock Performance

TSE:PXT traded up C$0.69 on Thursday, reaching C$20.24. 558,433 shares of the company's stock traded hands, compared to its average volume of 608,023. The stock has a 50 day moving average price of C$23.25 and a 200-day moving average price of C$25.32. The firm has a market cap of C$2.27 billion and a price-to-earnings ratio of 3.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.73 and a current ratio of 1.81. Parex Resources has a fifty-two week low of C$17.28 and a fifty-two week high of C$30.44.

Parex Resources (TSE:PXT - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported C$1.58 EPS for the quarter, missing the consensus estimate of C$1.68 by C($0.10). The business had revenue of C$572.13 million during the quarter. Equities research analysts predict that Parex Resources will post 8.32 EPS for the current fiscal year.

Parex Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.94%. The ex-dividend date was Tuesday, June 14th. This is a positive change from Parex Resources's previous quarterly dividend of $0.14. Parex Resources's payout ratio is presently 10.12%.

Analyst Upgrades and Downgrades

PXT has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on shares of Parex Resources from C$39.00 to C$37.00 in a research note on Friday, August 5th. Haywood Securities dropped their target price on 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 boosted their price objective on shares of Parex Resources from C$36.00 to C$40.00 and gave the company an "outperform" rating in a research note on Monday, April 18th. Finally, Scotiabank lowered their price target on Parex Resources from C$38.00 to C$34.00 in a report on Thursday, July 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$36.14.

Insiders Place Their Bets

In other news, Senior Officer Eric Furlan sold 7,500 shares of Parex Resources stock in a transaction that occurred 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 sale, the insider now directly owns 162,879 shares of the company's stock, valued at C$4,495,460.40.

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PXT Stock News Headlines

Parex Resources Inc stock decreased on Wednesday.
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
8/12/2022
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
+78.7%
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$3.28 per share
Book Value
C$13.28 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.27 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 twelve months. 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 brokers have issued 12-month price targets 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 stock price to reach C$36.14 in the next twelve months. This suggests a possible upside of 78.7% 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 2022?

Parex Resources' stock was trading at C$21.61 on January 1st, 2022. Since then, PXT shares have decreased by 6.4% and is now trading at C$20.23.
View the best growth stocks for 2022 here
.

When is Parex Resources' next earnings date?

The company 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) announced its quarterly earnings results on Wednesday, August, 3rd. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $1.68 by $0.10. The business 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 declared a quarterly dividend on Tuesday, June 14th. Investors of record on Thursday, June 30th will be given a dividend of 0.25 per share on Thursday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Tuesday, June 14th. This is an increase 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 5.12%. 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$20.23.

How much money does Parex Resources make?

Parex Resources (TSE:PXT) has a market capitalization of C$2.27 billion and generates C$1.17 billion in revenue each year.

How many employees does Parex Resources have?

The company 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 8/12/2022 by MarketBeat.com Staff

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