TSE:PXT Parex Resources (PXT) Stock Forecast, Price & News C$27.37 +0.08 (+0.29%) (As of 02:39 PM ET) Add Compare Share Share Today's RangeC$26.96▼C$27.5050-Day RangeC$24.23▼C$28.2352-Week RangeC$17.81▼C$30.16Volume164,839 shsAverage Volume651,082 shsMarket CapitalizationC$2.93 billionP/E Ratio4.05Dividend Yield5.48%Price TargetC$30.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Parex Resources MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside12.2% UpsideC$30.67 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. 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.2.12 out of 5 stars 2.5 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$30.67, Parex Resources has a forecasted upside of 12.2% from its current price of C$27.32.Amount of Analyst CoverageParex Resources has received no research coverage 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 5.38%, 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 22.19%. 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 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Parex Resources this week, compared to 1 article on an average week.Search Interest3 people have searched for PXT on MarketBeat in the last 30 days. MarketBeat Follows7 people have added Parex Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Parex Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.52% of the stock of Parex Resources is held by insiders.Percentage Held by Institutions50.69% 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 4.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Parex Resources is 4.04, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 87.77.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 1.67. 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 (TSE:PXT) StockParex 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.Read More 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 PXT Stock News HeadlinesMay 31, 2023 | americanbankingnews.comParex Resources (TSE:PXT) Stock Price Crosses Above 200 Day Moving Average of $23.22May 9, 2023 | americanbankingnews.comParex Resources (PXT) Scheduled to Post Earnings on WednesdayMay 31, 2023 | Edge On The Street (Ad)Soaring EV Industry Keeps Investor Focus on LithiumThe need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.May 2, 2023 | theglobeandmail.comClosing Bell: Parex Resources Inc down on Tuesday (PXT)April 28, 2023 | americanbankingnews.comFY2023 EPS Estimates for Parex Resources Inc. (TSE:PXT) Reduced by AnalystApril 23, 2023 | americanbankingnews.comParex Resources (TSE:PXT) Price Target Raised to C$34.00 at BarclaysApril 22, 2023 | msn.comSTIFEL CANADA Maintains Parex Resources (TSX:PXT) Buy RecommendationApril 22, 2023 | msn.comPARADIGM CAPITAL Maintains Parex Resources (TSX:PXT) Buy RecommendationMay 31, 2023 | Edge On The Street (Ad)146 Pounds of Graphite Needed for Each EVGraphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.April 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 TFSAMarch 28, 2023 | americanbankingnews.comParex Resources Inc. (TSE:PXT) to Post Q1 2023 Earnings of $0.88 Per Share, Stifel Firstegy ForecastsFebruary 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?December 21, 2022 | msn.com2 Stocks to Double Up on While They’re Insanely CheapDecember 6, 2022 | finance.yahoo.comParex Resources Announces Achievement of 60,000 BOE/D Production Milestone, Provides Business Update and Publishes 2023 Guidance Ahead of Capital Markets Day in Bogotá, ColombiaNovember 4, 2022 | finance.yahoo.comParex Resources Announces Third Quarter Results and Declaration of Q4 2022 DividendSeptember 3, 2022 | msn.com2 Undervalued Stocks Worth a Buy Right NowSeptember 2, 2022 | msn.com3 Canadian Stocks That Could Be Huge Winners in the Next Decade and BeyondAugust 21, 2022 | msn.com2 Incredibly Undervalued Energy Stocks to Buy Right NowAugust 5, 2022 | finance.yahoo.comWith EPS Growth And More, Parex Resources (TSE:PXT) Makes An Interesting CaseAugust 5, 2022 | theglobeandmail.comParex Resources Inc stock decreased on Wednesday.August 3, 2022 | finance.yahoo.comParex Resources Announces Record Second Quarter Results, Operational Update and Declaration of Q3 2022 DividendJuly 20, 2022 | seekingalpha.comParex Resources: Trading At 3X Earnings, The Risk/Reward Ratio Looks AppealingSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 PXT Company Calendar Last Earnings3/08/2023Ex-Dividend for 3/31 Dividend3/14/2023Dividend Payable3/31/2023Today5/31/2023Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Next Earnings (Estimated)8/02/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Industrial Metals & Minerals Sub-IndustryN/A SectorBasic Materials Current SymbolTSE:PXT CUSIPN/A CIKN/A Webwww.parexresources.com Phone+1-403-2654800FaxN/AEmployees371Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$30.67 High Stock Price ForecastC$36.00 Low Stock Price ForecastC$26.00 Forecasted Upside/Downside+12.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)C$6.76 Trailing P/E Ratio4.04 Forward P/E Ratio5.18 P/E Growth0.21Net IncomeC$563.09 million Net Margins45.00% Pretax MarginN/A Return on Equity35.19% Return on Assets20.72% Debt Debt-to-Equity Ratio0.38 Current Ratio1.06 Quick Ratio1.45 Sales & Book Value Annual SalesC$1.25 billion Price / Sales2.33 Cash FlowC$4.90 per share Price / Cash Flow5.57 Book ValueC$16.38 per share Price / Book1.67Miscellaneous Outstanding Shares106,890,000Free FloatN/AMarket CapC$2.92 billion OptionableNot Optionable Beta1.77 Key ExecutivesMr. Imad Mohsen (Age 49)Pres, CEO & Director Comp: $1.7MMr. Kenneth G. Pinsky (Age 60)CFO & Corp. Sec. Comp: $659.95kMr. Eric FurlanChief Operating OfficerMr. Michael KruchtenSr. VP of Capital Markets & Corp. PlanningMr. Daniel FerreiroPres of Parex Resources Colombia & Country Mang.Mr. Ryan W. FowlerSr. VP of Exploration & Bus. Devel.Mr. Joshua ShareSr. VP of Corp. ServicesMr. Jeff MeunierVP, New VenturesMr. Cam GraingerControllerMore ExecutivesKey CompetitorsChampion IronTSE:CIAPretium ResourcesTSE:PVGBRPTSE:DOOChina Gold International ResourcesTSE:CGGSuperior PlusTSE:SPBView All CompetitorsInsidersKenneth George PinskySold 17,250 sharesTotal: C$354,487.50 ($20.55/share)G.R. (Bob) Mac DougallBought 1,021 shares on 11/15/2022Total: C$20,052.44 ($19.64/share)G.R. (Bob) Mac DougallBought 2,400 shares on 10/18/2022Total: C$50,016.00 ($20.84/share)Wayne Kim FooBought 7,500 shares on 10/17/2022Total: C$158,007.00 ($21.07/share)Imad MohsenBought 600 shares on 8/15/2022Total: C$11,760.00 ($19.60/share)View All Insider Transactions PXT Stock - Frequently Asked Questions Should I buy or sell Parex Resources stock right now? 3 Wall Street 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 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 2023? 3 Wall Street analysts have issued 12 month target prices for Parex Resources' shares. Their PXT share price forecasts range from C$26.00 to C$36.00. On average, they expect the company's stock price to reach C$30.67 in the next year. This suggests a possible upside of 12.4% 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 start of the year. Since then, PXT shares have increased by 35.4% and is now trading at C$27.29. 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, August 2nd 2023. View our PXT earnings forecast. How were Parex Resources' earnings last quarter? Parex Resources Inc. (TSE:PXT) issued its quarterly earnings results on Wednesday, March, 8th. The company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $1.82. The firm earned $510.97 million during the quarter. Parex Resources had a net margin of 45.00% and a trailing twelve-month return on equity of 35.19%. How often does Parex Resources pay dividends? What is the dividend yield for Parex Resources? Parex Resources declared a quarterly dividend on Wednesday, May 10th. Shareholders of record on Thursday, June 15th will be given a dividend of 0.375 per share on Friday, June 30th. This represents a $1.50 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Wednesday, June 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 5.38%. PXT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 22.19%. 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$27.29. How much money does Parex Resources make? Parex Resources (TSE:PXT) has a market capitalization of C$2.92 billion and generates C$1.25 billion in revenue each year. The company earns C$563.09 million in net income (profit) each year or C$6.76 on an earnings per share basis. 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 5/31/2023 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. 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