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TSE:PXT

Parex Resources - PXT Stock Forecast, Price & News

C$20.00
+0.11 (+0.55%)
(As of 08/15/2022 05:20 PM ET)
Add
Compare
Today's Range
C$19.07
C$20.15
50-Day Range
C$19.22
C$30.01
52-Week Range
C$17.28
C$30.44
Volume
526,876 shs
Average Volume
610,942 shs
Market Capitalization
C$2.24 billion
P/E Ratio
4.03
Dividend Yield
5.03%
Price Target
C$36.14

Parex Resources MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
81.3% Upside
C$36.14 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.63mentions of Parex Resources in the last 14 days
Based on 2 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 Trading Down 1.7 %

Shares of PXT opened at C$19.89 on Monday. The firm's 50 day simple moving average is C$22.90 and its 200 day simple moving average is C$25.26. The company has a market capitalization of C$2.23 billion and a P/E ratio of 4.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.81 and a quick ratio of 1.73. Parex Resources has a 1-year low of C$17.28 and a 1-year high of C$30.44.

Parex Resources (TSE:PXT - Get Rating) last issued its earnings results on Wednesday, August 3rd. The company reported C$1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.68 by C($0.10). The firm had revenue of C$572.13 million for the quarter. Sell-side analysts forecast that Parex Resources will post 8.32 earnings per share for the current fiscal year.

Parex Resources Increases Dividend

The firm also recently disclosed 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 5.03%. This is an increase from Parex Resources's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, June 14th. Parex Resources's dividend payout ratio (DPR) is presently 10.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Scotiabank lowered their price objective on shares of Parex Resources from C$38.00 to C$34.00 in a research report on Thursday, July 14th. Haywood Securities cut their target price on shares of Parex Resources from C$45.00 to C$39.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Stifel Nicolaus cut their target price on shares of Parex Resources from C$39.00 to C$37.00 in a research note on Friday, August 5th. Finally, Cormark lifted their price objective on shares of Parex Resources from C$36.00 to C$40.00 and gave the stock an "outperform" rating in a research note on Monday, April 18th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$36.14.

Insider Buying and Selling at Parex Resources

In related news, Senior Officer Eric Furlan sold 7,500 shares of the business's 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 transaction of C$207,000.00. Following the completion of 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 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
8/15/2022
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
+80.7%
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$3.24 per share
Book Value
C$13.28 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.24 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 equities research analysts have issued twelve-month price objectives for Parex Resources' stock. 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 81.7% 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 at the start of the year. Since then, PXT shares have decreased by 8.0% and is now trading at C$19.89.
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) released its earnings results on Wednesday, August, 3rd. The company reported $1.58 EPS for the quarter, missing analysts' consensus estimates of $1.68 by $0.10. The firm 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 5.03%. The ex-dividend date of this dividend is Tuesday, June 14th. This is a boost 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 5.03%. 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$19.89.

How much money does Parex Resources make?

Parex Resources (TSE:PXT) has a market capitalization of C$2.23 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 8/15/2022 by MarketBeat.com Staff

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