Parex Resources (TSE:PXT) Stock Crosses Above 200 Day Moving Average – What’s Next?

Parex Resources Inc. (TSE:PXT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.48 and traded as high as C$14.39. Parex Resources shares last traded at C$14.34, with a volume of 582,484 shares changing hands.

Parex Resources Price Performance

The stock has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 3.92, a P/E/G ratio of 0.21 and a beta of 1.43. The company has a fifty day simple moving average of C$13.65 and a 200 day simple moving average of C$13.48. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.45 and a current ratio of 1.18.

Parex Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were given a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date was Monday, June 9th. Parex Resources’s payout ratio is 42.12%.

Insiders Place Their Bets

In other news, Director Sigmund Cornelius bought 5,000 shares of Parex Resources stock in a transaction dated Friday, June 20th. The stock was purchased at an average price of C$15.15 per share, for a total transaction of C$75,726.75. Insiders own 1.64% of the company’s stock.

About Parex Resources

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company’s properties are focused in Colombia, where it pays a royalty or tax to the government for its operations.