Parex Resources (PXT) Director Sells C$1,339,052.00 in Stock

Parex Resources (TSE:PXT) Director Curtis Darrell Bartlett sold 57,200 shares of Parex Resources stock in a transaction on Friday, May 18th. The shares were sold at an average price of C$23.41, for a total value of C$1,339,052.00.

Curtis Darrell Bartlett also recently made the following trade(s):

  • On Wednesday, May 16th, Curtis Darrell Bartlett sold 25,000 shares of Parex Resources stock. The shares were sold at an average price of C$23.55, for a total value of C$588,750.00.
  • On Friday, May 11th, Curtis Darrell Bartlett sold 100,000 shares of Parex Resources stock. The shares were sold at an average price of C$23.33, for a total value of C$2,333,000.00.
  • On Tuesday, April 17th, Curtis Darrell Bartlett sold 34,600 shares of Parex Resources stock. The shares were sold at an average price of C$20.00, for a total value of C$692,000.00.
  • On Tuesday, April 10th, Curtis Darrell Bartlett sold 22,285 shares of Parex Resources stock. The shares were sold at an average price of C$19.08, for a total value of C$425,197.80.
  • On Tuesday, March 27th, Curtis Darrell Bartlett sold 38,700 shares of Parex Resources stock. The shares were sold at an average price of C$18.60, for a total value of C$719,820.00.

Shares of TSE PXT opened at C$23.14 on Wednesday. Parex Resources has a 52-week low of C$12.19 and a 52-week high of C$23.92.

Parex Resources (TSE:PXT) last issued its earnings results on Monday, March 5th. The company reported C$0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.40 by C$0.04. The business had revenue of C$203.93 million for the quarter, compared to analysts’ expectations of C$250.52 million. Parex Resources had a return on equity of 26.07% and a net margin of 30.38%.

Several brokerages have recently issued reports on PXT. CIBC lifted their price target on Parex Resources from C$25.00 to C$30.00 in a research report on Friday, May 18th. GMP Securities lifted their price target on Parex Resources from C$30.00 to C$31.00 in a research report on Wednesday, May 9th. Scotiabank reiterated a “focus stock” rating and set a C$30.00 price target on shares of Parex Resources in a research report on Wednesday, May 9th. Finally, Canaccord Genuity lifted their price target on Parex Resources from C$24.00 to C$25.00 in a research report on Wednesday, April 11th.

About Parex Resources

Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 1,574,279 gross acres. As of December 31, 2017, it had proved plus probable reserves of 162.236 million barrels of oil equivalent.

Insider Buying and Selling by Quarter for Parex Resources (TSE:PXT)

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