Parex Resources Inc. (TSE:PXT – Get Free Report) Director G.R. (Bob) Mac Dougall acquired 7,674 shares of Parex Resources stock in a transaction dated Friday, August 30th. The stock was purchased at an average cost of C$13.05 per share, for a total transaction of C$100,115.00.
Parex Resources Stock Performance
TSE PXT opened at C$13.53 on Monday. The company has a fifty day moving average price of C$19.48 and a 200-day moving average price of C$21.32. The firm has a market cap of C$1.37 billion, a price-to-earnings ratio of 3.28, a PEG ratio of 0.21 and a beta of 1.47. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.14 and a quick ratio of 1.45. Parex Resources Inc. has a 1 year low of C$11.33 and a 1 year high of C$28.23.
Parex Resources (TSE:PXT – Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported C$0.05 earnings per share for the quarter. The firm had revenue of C$499.23 million for the quarter. Parex Resources had a return on equity of 17.02% and a net margin of 26.15%. As a group, equities research analysts predict that Parex Resources Inc. will post 4.0255814 EPS for the current fiscal year.
Parex Resources Announces Dividend
Analyst Ratings Changes
A number of brokerages have recently issued reports on PXT. Cormark dropped their price objective on Parex Resources from C$33.00 to C$30.00 in a research note on Thursday, August 1st. Scotiabank decreased their price target on shares of Parex Resources from C$23.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Friday. Royal Bank of Canada cut shares of Parex Resources from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$23.00 to C$17.00 in a research report on Thursday. Haywood Securities dropped their price target on Parex Resources from C$33.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Jefferies Financial Group decreased their price objective on Parex Resources from C$23.80 to C$19.50 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Parex Resources presently has an average rating of “Hold” and a consensus target price of C$25.27.
Read Our Latest Stock Report on PXT
Parex Resources Company Profile
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.
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