Parex Resources Inc. (TSE:PXT - Get Free Report) Senior Officer Michael Kruchten bought 1,000 shares of Parex Resources stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of C$13.00 per share, for a total transaction of C$13,000.00.
Parex Resources Trading Down 0.8 %
Shares of PXT stock opened at C$13.13 on Friday. Parex Resources Inc. has a 1 year low of C$11.33 and a 1 year high of C$28.23. The firm has a market capitalization of C$1.33 billion, a PE ratio of 3.24, a price-to-earnings-growth ratio of 0.21 and a beta of 1.45. The stock has a fifty day moving average of C$18.63 and a two-hundred day moving average of C$21.06. 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 announced its earnings results on Wednesday, July 31st. The company reported C$0.05 earnings per share (EPS) for the quarter. The firm had revenue of C$499.23 million during the quarter. Parex Resources had a net margin of 26.15% and a return on equity of 17.02%. As a group, research analysts expect that Parex Resources Inc. will post 2.5941176 EPS for the current year.
Parex Resources Announces Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 16th will be paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 11.73%. The ex-dividend date is Monday, September 9th. Parex Resources's dividend payout ratio is presently 38.02%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Royal Bank of Canada cut Parex Resources from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from C$23.00 to C$17.00 in a research note on Thursday, August 29th. Haywood Securities dropped their price objective on shares of Parex Resources from C$33.00 to C$25.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Scotiabank decreased their target price on 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, August 30th. Jefferies Financial Group decreased their target price on Parex Resources from C$23.80 to C$19.50 in a research note on Thursday, August 29th. Finally, Cormark decreased their target price on Parex Resources from C$33.00 to C$30.00 in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$25.27.
Get Our Latest Stock Report on Parex Resources
About Parex Resources
(
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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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