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TSE:PXT

Parex Resources (PXT) Stock Forecast, Price & News

C$27.37
+0.08 (+0.29%)
(As of 02:39 PM ET)
Compare
Today's Range
C$26.96
C$27.50
50-Day Range
C$24.23
C$28.23
52-Week Range
C$17.81
C$30.16
Volume
164,839 shs
Average Volume
651,082 shs
Market Capitalization
C$2.93 billion
P/E Ratio
4.05
Dividend Yield
5.48%
Price Target
C$30.67

Parex Resources MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.2% Upside
C$30.67 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
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.

2.12 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.

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PXT Stock News Headlines

Soaring EV Industry Keeps Investor Focus on Lithium
The 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.
146 Pounds of Graphite Needed for Each EV
Graphite - 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.
Closing Bell: Parex Resources Inc up on Thursday (PXT)
The 2 Canadian Energy Stocks Worthy of Your TFSA
PXT:CA Parex Resources Inc.
2 Undervalued Stocks Worth a Buy Right Now
Parex Resources Inc stock decreased on Wednesday.
See More Headlines
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PXT Company Calendar

Last Earnings
3/08/2023
Ex-Dividend for 3/31 Dividend
3/14/2023
Dividend Payable
3/31/2023
Today
5/31/2023
Ex-Dividend for 6/30 Dividend
6/14/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/02/2023

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$30.67
High Stock Price Forecast
C$36.00
Low Stock Price Forecast
C$26.00
Forecasted Upside/Downside
+12.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
C$563.09 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.25 billion
Cash Flow
C$4.90 per share
Book Value
C$16.38 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.92 billion
Optionable
Not Optionable
Beta
1.77

Key Executives

  • Mr. Imad Mohsen (Age 49)
    Pres, CEO & Director
    Comp: $1.7M
  • Mr. Kenneth G. Pinsky (Age 60)
    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?

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

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