Should I buy or sell Parex Resources stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PXT shares. View PXT analyst ratings or view top-rated stocks .

What is Parex Resources' stock price target for 2024?

3 equities research analysts have issued 1 year price targets for Parex Resources' shares. Their PXT share price targets range from C$27.00 to C$34.00. On average, they predict the company's share price to reach C$30.74 in the next year. This suggests a possible upside of 30.4% 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 2024?

Parex Resources' stock was trading at C$24.95 on January 1st, 2024. Since then, PXT stock has decreased by 5.5% and is now trading at C$23.58. View the best growth stocks for 2024 here .

When is Parex Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our PXT earnings forecast .

How were Parex Resources' earnings last quarter?

Parex Resources Inc. (TSE:PXT) announced its quarterly earnings data on Thursday, February, 29th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.32. The firm had revenue of $508.73 million for the quarter. Parex Resources had a net margin of 39.26% and a trailing twelve-month return on equity of 25.03%.

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

Parex Resources declared a quarterly dividend on Thursday, February 29th. Stockholders of record on Friday, March 15th will be paid a dividend of 0.375 per share on Thursday, March 28th. This represents a $1.50 annualized dividend and a yield of 6.36%. The ex-dividend date is Thursday, March 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 6.97%. PXT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 25.55%. 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) .

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 .

TSE:PXT

Parex Resources (PXT) Stock Price, News & Analysis

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Free PXT Stock Alerts

C$23.58

+0.08 (+0.34%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$23.38
▼
C$23.88
50-Day Range: C$20.20
▼
C$23.60
52-Week Range: C$20.17
▼
C$30.06

Volume: 593,153 shs
Average Volume: 576,149 shs
Market Capitalization: C$2.44 billion

P/E Ratio: 4.02
Dividend Yield: 6.36%
Price Target: C$30.74

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Parex Resources MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 30.4% Upside
C$30.74 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
C$241,200 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.04 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Parex Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Parex Resources has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for PXT.

2.5

Dividend Strength

Dividend Leadership
Parex Resources is a leading dividend payer. It pays a dividend yield of 6.97%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Parex Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Parex Resources is 25.55%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PXT.

3.1

News and Social Media Coverage

News Sentiment
Parex Resources has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.40 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Parex Resources this week, compared to 0 articles on an average week.
Search Interest
11 people have searched for PXT on MarketBeat in the last 30 days. This is an increase of 83% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Parex Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Parex Resources insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$241,200.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 1.61% of the stock of Parex Resources is held by insiders.
Percentage Held by Institutions
56.82% of the stock of Parex Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Parex Resources is 4.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Parex Resources is 4.02, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 96.58.
Price to Earnings Growth Ratio
Parex Resources has a PEG Ratio of 0.21. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Parex Resources has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Parex Resources Stock (TSE:PXT)

Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company's principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1. The company was incorporated in 2009 and is headquartered in Calgary, Canada.

PXT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PXT Stock News Headlines

March 19, 2024 | insidertrades.com

Insider Buying: Parex Resources Inc. (TSE:PXT) Senior Officer Buys 9,500 Shares of Stock

April 11, 2024 | finance.yahoo.com

Parex Resources and Ecopetrol Enter into Definitive Agreements to Explore Colombia’s High-Potential Llanos Foothills Trend

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 31, 2024 | ca.news.yahoo.com

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March 30, 2024 | ca.style.yahoo.com

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March 13, 2024 | msn.com

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March 6, 2024 | investing.com

Earnings call: Parex Resources reports record production, optimistic outlook

January 17, 2024 | msn.com

TSX Today: What to Watch for in Stocks on Wednesday, January 17

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

January 15, 2024 | finance.yahoo.com

Parex Resources Announces Record Full-Year & Fourth Quarter Production, Arauca Discovery, and Publishes 2024 Guidance

January 9, 2024 | reuters.com

Exclusive: Colombia awards Parex Resources license for geothermal project

January 9, 2024 | ca.finance.yahoo.com

Exclusive-Colombia awards Parex Resources license for geothermal project

January 9, 2024 | finance.yahoo.com

Could The Market Be Wrong About Parex Resources Inc. (TSE:PXT) Given Its Attractive Financial Prospects?

January 4, 2024 | theglobeandmail.com

Closing Bell: Parex Resources Inc down on Friday (PXT)

December 26, 2023 | seekingalpha.com

Parex Resources: Why The Exaggerated Fears Can't Compare To Its Growth Potential

November 29, 2023 | finance.yahoo.com

Is There An Opportunity With Parex Resources Inc.'s (TSE:PXT) 50% Undervaluation?

November 14, 2023 | morningstar.com

Parex Resources Inc PXT

November 13, 2023 | msn.com

My 2 Favourite TSX Energy Stocks for November 2023

October 25, 2023 | markets.businessinsider.com

TSX Ends Lower For 6th Straight Day, Settles Near 1-year Low

August 26, 2023 | msn.com

3 Top Canadian Energy Stocks to Buy for Dividends

August 24, 2023 | finanznachrichten.de

Parex Resources Inc.: Parex Resources Announces Appointment of Sanjay Bishnoi to Chief Financial Officer

August 21, 2023 | theglobeandmail.com

Parex Resources: Top 25 Undervalued Toronto Stock Exchange Stocks (PXT)

August 4, 2023 | finance.yahoo.com

Analysts Just Made A Major Revision To Their Parex Resources Inc. (TSE:PXT) Revenue Forecasts

August 2, 2023 | finance.yahoo.com

Are Robust Financials Driving The Recent Rally In Parex Resources Inc.'s (TSE:PXT) Stock?

July 27, 2023 | finance.yahoo.com

Energy Transition and Emerging Technology Companies are Set to Present at the 28th Annual EnerCom Denver - The Energy Investment Conference, to be held August 13-16, 2023, in Denver, Colorado

July 17, 2023 | msn.com

TSX ends lower as Chinese data weighs on commodity prices

July 13, 2023 | markets.businessinsider.com

Canadian Market Up Marginally In Lackluster Trade

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/08/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: TSE:PXT
CUSIP: N/A
CIK: N/A
Web: www.parexresources.com
Phone: +1-403-2654800
Fax: N/A
Employees: 449
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$30.74
High Stock Price Target: C$34.00
Low Stock Price Target: C$27.00
Potential Upside/Downside: +30.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$5.87
Trailing P/E Ratio: 4.02
Forward P/E Ratio: 4.18
P/E Growth: 0.21
Net Income: C$459.31 million
Net Margins: 39.26%
Pretax Margin: N/A
Return on Equity: 25.03%
Return on Assets: 13.55%

Debt

Debt-to-Equity Ratio: 4.93
Current Ratio: 1.31
Quick Ratio: 1.45

Sales & Book Value

Annual Sales: C$1.17 billion
Price / Sales: 2.08
Cash Flow: C$4.23 per share
Price / Cash Flow: 5.57
Book Value: C$18.84 per share
Price / Book: 1.25

Miscellaneous

Outstanding Shares: 103,310,000
Free Float: N/A
Market Cap: C$2.44 billion
Optionable: Not Optionable
Beta: 1.62

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Key Executives

Mr. Imad Mohsen (Age 50)
President, CEO & Director
Comp: $1.52M
Mr. Eric Furlan
Chief Operating Officer
Mr. Michael Kruchten
Senior Vice President of Capital Markets & Corporate Planning
Mr. Daniel Ferreiro
President & Country Manager of Parex Resources Colombia
Mr. Sanjay Bishnoi Ph.D. (Age 49)
CFO & Corporate Secretary
Steven Eirich
Investor Relations & Communications Advisor
Mr. Joshua Share
Senior Vice President of Corporate Services
Mr. Cam Grainger
Controller

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

PXT Stock Analysis - Frequently Asked Questions

Should I buy or sell Parex Resources stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parex Resources in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PXT shares.
View PXT analyst ratings or view top-rated stocks.
What is Parex Resources' stock price target for 2024?: 3 equities research analysts have issued 1 year price targets for Parex Resources' shares. Their PXT share price targets range from C$27.00 to C$34.00. On average, they predict the company's share price to reach C$30.74 in the next year. This suggests a possible upside of 30.4% 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 2024?: Parex Resources' stock was trading at C$24.95 on January 1st, 2024. Since then, PXT stock has decreased by 5.5% and is now trading at C$23.58.
View the best growth stocks for 2024 here.
When is Parex Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PXT earnings forecast.
How were Parex Resources' earnings last quarter?: Parex Resources Inc. (TSE:PXT) announced its quarterly earnings data on Thursday, February, 29th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.32. The firm had revenue of $508.73 million for the quarter. Parex Resources had a net margin of 39.26% and a trailing twelve-month return on equity of 25.03%.

How often does Parex Resources pay dividends? What is the dividend yield for Parex Resources?: Parex Resources declared a quarterly dividend on Thursday, February 29th. Stockholders of record on Friday, March 15th will be paid a dividend of 0.375 per share on Thursday, March 28th. This represents a $1.50 annualized dividend and a yield of 6.36%. The ex-dividend date is Thursday, March 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 6.97%. PXT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 25.55%. 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).
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.

This page (TSE:PXT) was last updated on 4/18/2024 by MarketBeat.com Staff

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Parex Resources (PXT) Stock Price, News & Analysis

Parex Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Parex Resources Stock (TSE:PXT)

PXT Stock Price History

PXT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

PXT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™