Parex Resources Stock Forecast, Price & News

-0.83 (-3.91 %)
(As of 09/17/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume969,380 shs
Average Volume549,697 shs
Market CapitalizationC$2.52 billion
P/E Ratio9.58
Dividend Yield2.36%
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.


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Industry, Sector and Symbol

Sales & Book Value






Overall MarketRank

2.47 out of 5 stars

Analyst Opinion: 3.5Community Rank: 4.7Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
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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?

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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