S&P 500   4,140.06 (-0.12%)
DOW   32,832.54 (+0.09%)
QQQ   320.71 (-0.32%)
AAPL   164.87 (-0.29%)
MSFT   280.32 (-0.92%)
META   170.25 (+1.88%)
GOOGL   117.30 (-0.14%)
AMZN   139.41 (-0.99%)
TSLA   871.27 (+0.78%)
NVDA   177.93 (-6.30%)
NIO   20.17 (-0.25%)
BABA   90.84 (-1.86%)
AMD   100.07 (-2.19%)
MU   61.45 (-1.62%)
T   18.00 (-1.91%)
CGC   3.28 (+21.48%)
GE   75.18 (+1.10%)
F   15.78 (+3.14%)
DIS   109.11 (+2.33%)
AMC   23.96 (+8.03%)
PYPL   96.26 (+0.99%)
PFE   49.57 (+0.61%)
NFLX   233.49 (+2.96%)
S&P 500   4,140.06 (-0.12%)
DOW   32,832.54 (+0.09%)
QQQ   320.71 (-0.32%)
AAPL   164.87 (-0.29%)
MSFT   280.32 (-0.92%)
META   170.25 (+1.88%)
GOOGL   117.30 (-0.14%)
AMZN   139.41 (-0.99%)
TSLA   871.27 (+0.78%)
NVDA   177.93 (-6.30%)
NIO   20.17 (-0.25%)
BABA   90.84 (-1.86%)
AMD   100.07 (-2.19%)
MU   61.45 (-1.62%)
T   18.00 (-1.91%)
CGC   3.28 (+21.48%)
GE   75.18 (+1.10%)
F   15.78 (+3.14%)
DIS   109.11 (+2.33%)
AMC   23.96 (+8.03%)
PYPL   96.26 (+0.99%)
PFE   49.57 (+0.61%)
NFLX   233.49 (+2.96%)
S&P 500   4,140.06 (-0.12%)
DOW   32,832.54 (+0.09%)
QQQ   320.71 (-0.32%)
AAPL   164.87 (-0.29%)
MSFT   280.32 (-0.92%)
META   170.25 (+1.88%)
GOOGL   117.30 (-0.14%)
AMZN   139.41 (-0.99%)
TSLA   871.27 (+0.78%)
NVDA   177.93 (-6.30%)
NIO   20.17 (-0.25%)
BABA   90.84 (-1.86%)
AMD   100.07 (-2.19%)
MU   61.45 (-1.62%)
T   18.00 (-1.91%)
CGC   3.28 (+21.48%)
GE   75.18 (+1.10%)
F   15.78 (+3.14%)
DIS   109.11 (+2.33%)
AMC   23.96 (+8.03%)
PYPL   96.26 (+0.99%)
PFE   49.57 (+0.61%)
NFLX   233.49 (+2.96%)
S&P 500   4,140.06 (-0.12%)
DOW   32,832.54 (+0.09%)
QQQ   320.71 (-0.32%)
AAPL   164.87 (-0.29%)
MSFT   280.32 (-0.92%)
META   170.25 (+1.88%)
GOOGL   117.30 (-0.14%)
AMZN   139.41 (-0.99%)
TSLA   871.27 (+0.78%)
NVDA   177.93 (-6.30%)
NIO   20.17 (-0.25%)
BABA   90.84 (-1.86%)
AMD   100.07 (-2.19%)
MU   61.45 (-1.62%)
T   18.00 (-1.91%)
CGC   3.28 (+21.48%)
GE   75.18 (+1.10%)
F   15.78 (+3.14%)
DIS   109.11 (+2.33%)
AMC   23.96 (+8.03%)
PYPL   96.26 (+0.99%)
PFE   49.57 (+0.61%)
NFLX   233.49 (+2.96%)
TSE:PXT

Parex Resources - PXT Stock Forecast, Price & News

C$21.58
-0.29 (-1.33%)
(As of 08/8/2022 05:13 PM ET)
Add
Compare
Today's Range
C$21.04
C$21.78
50-Day Range
C$19.97
C$30.01
52-Week Range
C$17.28
C$30.44
Volume
417,829 shs
Average Volume
594,979 shs
Market Capitalization
C$2.42 billion
P/E Ratio
4.81
Dividend Yield
4.57%
Price Target
C$36.14

Parex Resources MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
67.3% Upside
C$36.14 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.08mentions of Parex Resources in the last 14 days
Based on 7 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.

2.56 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on PXT. Haywood Securities decreased their price objective on Parex Resources from C$45.00 to C$39.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Cormark increased their price target on Parex Resources from C$36.00 to C$40.00 and gave the stock an "outperform" rating in a report on Monday, April 18th. Scotiabank decreased their price target on Parex Resources from C$38.00 to C$34.00 in a report on Thursday, July 14th. Finally, Stifel Nicolaus decreased their price target on Parex Resources from C$39.00 to C$37.00 in a report on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of C$36.14.

Parex Resources Price Performance

PXT Stock opened at C$21.87 on Monday. The stock has a market capitalization of C$2.45 billion and a PE ratio of 4.87. The company's 50-day moving average is C$23.74 and its 200-day moving average is C$25.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.84 and a quick ratio of 1.77. 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 released its quarterly earnings data on Wednesday, August 3rd. The company reported C$1.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$1.68 by C($0.10). The firm had revenue of C$572.13 million for the quarter. Equities research analysts expect that Parex Resources will post 7.9499996 EPS for the current fiscal year.

Parex Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Tuesday, June 14th. This is a boost from Parex Resources's previous quarterly dividend of $0.14. Parex Resources's dividend payout ratio is 11.18%.

Insider Transactions at Parex Resources

In related news, Senior Officer Eric Furlan sold 7,500 shares of the firm's stock in a transaction dated Monday, May 30th. The shares were sold at an average price of C$27.60, for a total value of C$207,000.00. Following the transaction, the insider now owns 162,879 shares of the company's stock, valued at approximately C$4,495,460.40.

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.

PXT Stock News Headlines

Parex Resources Inc stock decreased on Wednesday.
Parex Resources (TSE:PXT) PT Lowered to C$34.00 at Scotiabank
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
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.

PXT Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
8/03/2022
Today
8/08/2022
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
+67.5%
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$1.03 billion
Cash Flow
C$2.85 per share
Book Value
C$12.38 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.42 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 brokerages have issued 12 month price targets for Parex Resources' stock. Their PXT stock forecasts range from C$33.00 to C$40.00. On average, they predict the company's stock price to reach C$36.14 in the next year. This suggests a possible upside of 68.7% from the stock's current price.
View analysts price targets for PXT
or view top-rated stocks among Wall Street analysts.

How has Parex Resources' stock price 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 0.9% and is now trading at C$21.42.
View the best growth stocks for 2022 here
.

When is Parex Resources' next earnings date?

Parex Resources 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) issued its earnings results on Wednesday, August, 3rd. The company reported $1.58 earnings per share (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 announced a quarterly dividend on Tuesday, June 14th. Shareholders of record on Thursday, June 30th will be paid a dividend of 0.25 per share on Thursday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.67%. 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 4.57%. PXT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 11.18%. 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$21.42.

How much money does Parex Resources make?

Parex Resources (TSE:PXT) has a market capitalization of C$2.40 billion and generates C$1.03 billion in revenue each year.

How many employees does Parex Resources have?

Parex Resources 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 8/8/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.