Parex Resources Inc. (TSE:PXT - Get Free Report) Director Sigmund Cornelius purchased 5,000 shares of Parex Resources stock in a transaction dated Friday, March 7th. The shares were bought at an average price of C$12.61 per share, for a total transaction of C$63,063.00.
Parex Resources Stock Up 1.0 %
Shares of TSE:PXT opened at C$12.76 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.18 and a quick ratio of 1.45. The firm has a market capitalization of C$895.17 million, a PE ratio of 3.49, a price-to-earnings-growth ratio of 0.21 and a beta of 1.43. The firm's 50-day moving average is C$14.33 and its two-hundred day moving average is C$14.07. Parex Resources Inc. has a 1 year low of C$11.33 and a 1 year high of C$24.88.
Parex Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 12.07%. The ex-dividend date was Monday, December 9th. Parex Resources's dividend payout ratio is presently 42.12%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on PXT shares. Royal Bank of Canada boosted their price objective on shares of Parex Resources from C$15.00 to C$16.00 and gave the company a "sector perform" rating in a report on Thursday. BMO Capital Markets boosted their price objective on shares of Parex Resources from C$14.00 to C$16.00 in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Parex Resources presently has an average rating of "Hold" and a consensus target price of C$20.21.
Read Our Latest Report on Parex Resources
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.
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