Parex Resources Inc. (TSE:PXT) Receives C$21.44 Consensus Price Target from Analysts

Parex Resources Inc. (TSE:PXT) has received an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$21.44.

Separately, BMO Capital Markets increased their price objective on shares of Parex Resources from C$14.00 to C$16.00 in a research report on Wednesday, January 15th.

Insider Buying and Selling

In other news, Senior Officer Cam Grainger bought 13,500 shares of Parex Resources stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of C$13.45 per share, for a total transaction of C$181,575.00. 1.64% of the stock is currently owned by company insiders.

Parex Resources Stock Down 3.9 %

TSE PXT opened at C$14.91 on Friday. The business’s fifty day simple moving average is C$14.28 and its 200-day simple moving average is C$14.25. The company has a quick ratio of 1.45, a current ratio of 1.18 and a debt-to-equity ratio of 1.81. The firm has a market cap of C$1.05 billion, a PE ratio of 4.08, a P/E/G ratio of 0.21 and a beta of 1.43. Parex Resources has a 52 week low of C$11.33 and a 52 week high of C$24.88.

Parex Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were paid a dividend of $0.385 per share. The ex-dividend date was Monday, December 9th. This represents a $1.54 annualized dividend and a yield of 10.33%. Parex Resources’s dividend payout ratio is currently 42.12%.

Parex Resources Company Profile

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.