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TSE:PXT

Parex Resources - PXT Stock Forecast, Price & News

C$24.37
+0.08 (+0.33%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
C$24.00
▼
C$24.77
50-Day Range
C$20.35
▼
C$24.97
52-Week Range
C$17.81
▼
C$30.16
Volume
737,315 shs
Average Volume
736,930 shs
Market Capitalization
C$2.63 billion
P/E Ratio
3.31
Dividend Yield
6.16%
Price Target
C$31.29

Parex Resources MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
28.4% Upside
C$31.29 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$354,488 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.

2.85 out of 5 stars

See Top Rated MarketRank™ Stocks Here

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

March 19, 2023 | americanbankingnews.com
Parex Resources (TSE:PXT) Share Price Passes Above 200 Day Moving Average of $21.15
March 13, 2023 | americanbankingnews.com
Parex Resources Inc. (TSE:PXT) Declares Dividend Increase - $0.38 Per Share
March 22, 2023 | Weiss Ratings (Ad)
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February 23, 2023 | finance.yahoo.com
Is Parex Resources Inc.'s (TSE:PXT) Recent Stock Performance Tethered To Its Strong Fundamentals?
February 9, 2023 | finance.yahoo.com
Parex Resources (TSE:PXT) Is Increasing Its Dividend To $0.375
January 23, 2023 | finance.yahoo.com
If EPS Growth Is Important To You, Parex Resources (TSE:PXT) Presents An Opportunity
January 17, 2023 | seekingalpha.com
PXT:CA Parex Resources Inc.
December 30, 2022 | finance.yahoo.com
Is Parex Resources Inc. (TSE:PXT) Trading At A 44% Discount?
March 22, 2023 | Investing Daily (Ad)
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December 21, 2022 | msn.com
2 Stocks to Double Up on While They’re Insanely Cheap
December 6, 2022 | finance.yahoo.com
Parex Resources Announces Achievement of 60,000 BOE/D Production Milestone, Provides Business Update and Publishes 2023 Guidance Ahead of Capital Markets Day in Bogotá, Colombia
November 4, 2022 | finance.yahoo.com
Parex Resources Announces Third Quarter Results and Declaration of Q4 2022 Dividend
September 3, 2022 | msn.com
2 Undervalued Stocks Worth a Buy Right Now
September 2, 2022 | msn.com
3 Canadian Stocks That Could Be Huge Winners in the Next Decade and Beyond
August 21, 2022 | msn.com
2 Incredibly Undervalued Energy Stocks to Buy Right Now
August 5, 2022 | finance.yahoo.com
With EPS Growth And More, Parex Resources (TSE:PXT) Makes An Interesting Case
August 5, 2022 | theglobeandmail.com
Parex Resources Inc stock decreased on Wednesday.
August 3, 2022 | finance.yahoo.com
Parex Resources Announces Record Second Quarter Results, Operational Update and Declaration of Q3 2022 Dividend
July 20, 2022 | seekingalpha.com
Parex Resources: Trading At 3X Earnings, The Risk/Reward Ratio Looks Appealing
July 13, 2022 | theglobeandmail.com
Parex Resources Inc stock decreased on Friday.
July 5, 2022 | finance.yahoo.com
What Kind Of Shareholders Own Parex Resources Inc. (TSE:PXT)?
June 25, 2022 | theglobeandmail.com
Parex Resources Inc stock advanced on Friday.
April 20, 2022 | msn.com
3 Undervalued Energy Stocks to Put on Your Radar
March 14, 2022 | msn.com
2 Cheap Energy Stocks to Buy Now
March 1, 2022 | finance.yahoo.com
Parex Resources Announces Record 2021 Full-Year Results
December 6, 2021 | finance.yahoo.com
Parex Resources (TSE:PXT) Knows How To Allocate Capital Effectively
November 3, 2021 | finance.yahoo.com
Parex Announces 2022 Budget Guidance and Provides Update to its Return of Capital Strategy
See More Headlines
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PXT Company Calendar

Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Ex-Dividend for 3/31 Dividend
3/14/2023
Today
3/22/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
5/10/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Industrial Metals & Minerals
Sub-Industry
N/A
Sector
Basic Materials
Current Symbol
TSE:PXT
CUSIP
N/A
CIK
N/A
Web
www.parexresources.com
Phone
+1-403-2654800
Fax
N/A
Employees
371
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$31.29
High Stock Price Forecast
C$40.00
Low Stock Price Forecast
C$26.00
Forecasted Upside/Downside
+28.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$7.36
Trailing P/E Ratio
3.31
Forward P/E Ratio
4.65
P/E Growth
0.21
Net Income
C$611.37 million
Net Margins
46.65%
Pretax Margin
N/A
Return on Equity
39.33%
Return on Assets
23.81%

Debt

Debt-to-Equity Ratio
0.40
Current Ratio
1.17
Quick Ratio
1.45

Sales & Book Value

Annual Sales
C$1.31 billion
Price / Sales
2.00
Cash Flow
C$4.37 per share
Price / Cash Flow
5.57
Book Value
C$15.72 per share
Price / Book
1.55

Miscellaneous

Outstanding Shares
107,720,000
Free Float
N/A
Market Cap
C$2.63 billion
Optionable
Not Optionable
Beta
1.79

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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













PXT Stock - Frequently Asked Questions

Should I buy or sell Parex Resources stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last year. There are currently 4 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?

4 analysts have issued 12 month price objectives for Parex Resources' shares. Their PXT share price forecasts range from C$26.00 to C$40.00. On average, they anticipate the company's share price to reach C$31.29 in the next year. This suggests a possible upside of 28.4% 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 beginning of the year. Since then, PXT stock has increased by 20.9% and is now trading at C$24.37.
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, May 10th 2023.
View our PXT earnings forecast.

How often does Parex Resources pay dividends? What is the dividend yield for Parex Resources?

Parex Resources announced a quarterly dividend on Tuesday, March 14th. Investors of record on Friday, March 31st will be paid a dividend of 0.375 per share on Friday, March 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date is Tuesday, March 14th. This is an increase from the stock's previous quarterly dividend of C$0.25.
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 6.56%. PXT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 20.38%. 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$24.37.

How much money does Parex Resources make?

Parex Resources (TSE:PXT) has a market capitalization of C$2.63 billion and generates C$1.31 billion in revenue each year. The company earns C$611.37 million in net income (profit) each year or C$7.36 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 3/22/2023 by MarketBeat.com Staff