Parex Resources Inc. (TSE:PXT - Get Free Report) has been given a consensus rating of "Hold" by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$21.44.
Separately, BMO Capital Markets lifted their price target on shares of Parex Resources from C$14.00 to C$16.00 in a research report on Wednesday, January 15th.
Check Out Our Latest Research Report on PXT
Insider Activity at Parex Resources
In related news, Senior Officer Cam Grainger bought 13,500 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of C$13.45 per share, with a total value of C$181,575.00. 1.64% of the stock is currently owned by insiders.
Parex Resources Stock Performance
TSE:PXT traded down C$0.23 during mid-day trading on Monday, reaching C$13.89. The stock had a trading volume of 406,789 shares, compared to its average volume of 488,766. Parex Resources has a twelve month low of C$11.33 and a twelve month high of C$24.88. The business has a 50 day simple moving average of C$14.47 and a 200 day simple moving average of C$15.15. The firm has a market capitalization of C$1.41 billion, a price-to-earnings ratio of 3.32, a PEG ratio of 0.21 and a beta of 1.43. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.45 and a current ratio of 1.14.
Parex Resources (TSE:PXT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.89 EPS for the quarter. Parex Resources had a return on equity of 17.02% and a net margin of 26.15%.
Parex Resources Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date was Monday, December 9th. Parex Resources's dividend payout ratio (DPR) is presently 36.75%.
About Parex Resources
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Get Free ReportParex 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.
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