Parex Resources (PXT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$14.52 to C$14.97
• 50-Day Range: C$11.72 to C$14.94
• 52-Week Range: C$11.33 to C$28.23
• Volume: 594,200 shs
• Average Volume: 706,451 shs
• Market Capitalization: C$1.51 billion
• P/E Ratio: 3.57
• Dividend Yield: 10.31%
• Price Target: C$21.86
• Consensus Rating: Hold

Parex Resources Stock Analysis - MarketRank™

Parex Resources scored higher than 95% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Parex Resources has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Parex Resources has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Parex Resources is 3.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Parex Resources is 3.57, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 105.98.

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 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PXT.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Parex Resources is a leading dividend payer. It pays a dividend yield of 11.53%, 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 36.75%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PXT.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.03

News Sentiment

Parex Resources has a news sentiment score of 1.03. 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 0.46 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Parex Resources this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for PXT on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Parex Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

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$705,285.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 1.64% of the stock of Parex Resources is held by insiders.

Percentage Held by Institutions

56.89% of the stock of Parex Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PXT Stock Analysis - Frequently Asked Questions

How have PXT shares performed this year?

Parex Resources' stock was trading at C$24.95 at the start of the year. Since then, PXT stock has decreased by 40.1% and is now trading at C$14.94.
View the best growth stocks for 2024 here.

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 other stocks do shareholders of Parex Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Parex Resources investors own include Enbridge (ENB), Whitecap Resources (WCP), TELUS (T), Tourmaline Oil (TOU), Canadian Natural Resources (CNQ), Suncor Energy (SU) and Cenovus Energy (CVE).

Company Calendar

• Ex-Dividend for 9/16 Dividend: 9/09/2024
• Dividend Payable: 9/16/2024
• Today: 11/17/2024
• Ex-Dividend for 12/16 Dividend: 12/09/2024
• Dividend Payable: 12/16/2024
• Next Earnings (Estimated): 3/06/2025

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$21.86
• High Stock Price Target: C$31.00
• Low Stock Price Target: C$14.00
• Potential Upside/Downside: +46.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$4.19
• Trailing P/E Ratio: 3.57
• Forward P/E Ratio: N/A
• P/E Growth: 0.21
• Net Income: C$317.46 million
• Net Margins: 26.15%
• Pretax Margin: N/A
• Return on Equity: 17.02%
• Return on Assets: 15.28%

Debt

• Debt-to-Equity Ratio: 2.90
• Current Ratio: 1.14
• Quick Ratio: 1.45

Sales & Book Value

• Annual Sales: C$1.21 billion
• Price / Sales: 1.25
• Cash Flow: C$2.68 per share
• Price / Cash Flow: 5.57
• Book Value: C$18.95 per share
• Price / Book: 0.79

Miscellaneous

• Outstanding Shares: 101,180,000
• Free Float: N/A
• Market Cap: C$1.51 billion
• Optionable: Not Optionable
• Beta: 1.43