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TSE:PXT

Parex Resources (PXT) Stock Price, News & Analysis

C$21.64
+0.12 (+0.56%)
(As of 04:00 PM ET)
Today's Range
C$21.44
C$21.78
50-Day Range
C$20.20
C$23.12
52-Week Range
C$20.17
C$30.06
Volume
772,683 shs
Average Volume
586,815 shs
Market Capitalization
C$2.24 billion
P/E Ratio
3.69
Dividend Yield
6.93%
Price Target
C$30.74

Parex Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
41.7% 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.

3.79 out of 5 stars

PXT stock logo

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

PXT Stock News Headlines

AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Closing Bell: Parex Resources Inc down on Friday (PXT)
Parex Resources Inc PXT
TSX Ends Lower For 6th Straight Day, Settles Near 1-year Low
Canadian Market Up Marginally In Lackluster Trade
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
2/29/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/08/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
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
+41.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
C$459.31 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.17 billion
Cash Flow
C$3.89 per share
Book Value
C$18.84 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.24 billion
Optionable
Not Optionable
Beta
1.62
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PXT Stock Analysis - 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 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 1 year target prices for Parex Resources' stock. Their PXT share price targets range from C$27.00 to C$34.00. On average, they expect the company's stock price to reach C$30.74 in the next year. This suggests a possible upside of 41.7% 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 at the beginning of the year. Since then, PXT shares have decreased by 13.1% and is now trading at C$21.69.
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) posted its quarterly earnings data on Thursday, February, 29th. The company reported $1.74 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.32. The business earned $508.73 million during 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. Shareholders of record on Friday, March 15th will be given a dividend of 0.375 per share on Thursday, March 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.92%. 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 7.01%. PXT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 25.60%. 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 3/28/2024 by MarketBeat.com Staff

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