Parex Resources (TSE:PXT) Sets New 1-Year High – Here’s What Happened

Posted by Caroline Horne on May 7th, 2026

Shares of Parex Resources Inc. (TSE:PXT – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$29.96 and last traded at C$29.76, with a volume of 283424 shares trading hands. The stock had previously closed at C$28.30.

Analyst Ratings Changes

Separately, Royal Bank Of Canada upped their price objective on shares of Parex Resources from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a report on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$23.30.

Read Our Latest Analysis on PXT

Parex Resources Price Performance

The firm’s fifty day moving average price is C$25.84 and its 200 day moving average price is C$21.39. The firm has a market capitalization of C$2.70 billion, a PE ratio of 10.73, a P/E/G ratio of 0.21 and a beta of 0.18. The company has a current ratio of 1.11, a quick ratio of 1.45 and a debt-to-equity ratio of 2.16.

Parex Resources (TSE:PXT – Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.43 earnings per share (EPS) for the quarter. Parex Resources had a net margin of 26.85% and a return on equity of 13.39%. The firm had revenue of C$223.53 million for the quarter.

Parex Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were issued a dividend of $0.385 per share. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $1.54 dividend on an annualized basis and a yield of 5.5%. Parex Resources’s dividend payout ratio is 42.29%.

About Parex Resources

(Get Free Report)

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. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts.