Parex Resources Inc. (TSE:PXT – Get Free Report) Director Robert John Engbloom purchased 10,000 shares of Parex Resources stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of C$23.22 per share, for a total transaction of C$232,200.00.
Parex Resources Stock Performance
Shares of PXT stock opened at C$22.29 on Friday. The business has a fifty day moving average of C$23.01 and a 200 day moving average of C$23.63. Parex Resources Inc. has a 1 year low of C$20.17 and a 1 year high of C$30.06. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.25 and a quick ratio of 1.45. The firm has a market capitalization of C$2.28 billion, a price-to-earnings ratio of 4.12, a price-to-earnings-growth ratio of 0.21 and a beta of 1.56.
Parex Resources (TSE:PXT – Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$1.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.42 by C$0.32. Parex Resources had a return on equity of 22.25% and a net margin of 35.11%. The business had revenue of C$508.73 million for the quarter. As a group, research analysts expect that Parex Resources Inc. will post 5.4840909 earnings per share for the current year.
Parex Resources Increases Dividend
Analysts Set New Price Targets
Several research analysts recently weighed in on PXT shares. Scotiabank dropped their target price on Parex Resources from C$28.00 to C$27.00 and set a “sector perform” rating on the stock in a research note on Friday, March 1st. Royal Bank of Canada cut their price objective on shares of Parex Resources from C$32.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, Stifel Nicolaus lowered their target price on shares of Parex Resources from C$32.75 to C$31.00 and set a “buy” rating for the company in a research note on Monday, March 4th.
Check Out Our Latest Research Report on Parex Resources
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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