Parex Resources Inc. (TSE:PXT) Senior Officer Sells C$242,000.00 in Stock

Parex Resources Inc. (TSE:PXT) Senior Officer Wayne Kim Foo sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 13th. The shares were sold at an average price of C$24.20, for a total value of C$242,000.00. Following the transaction, the insider now owns 1,333,979 shares in the company, valued at C$32,282,291.80.

Wayne Kim Foo also recently made the following trade(s):

  • On Thursday, December 16th, Wayne Kim Foo sold 10,000 shares of Parex Resources stock. The shares were sold at an average price of C$21.50, for a total value of C$215,000.00.

Shares of Parex Resources stock traded up C$0.90 during trading on Friday, reaching C$25.06. The company’s stock had a trading volume of 655,882 shares, compared to its average volume of 536,700. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.66 and a current ratio of 2.74. The business’s fifty day moving average price is C$22.04 and its 200-day moving average price is C$21.66. The firm has a market cap of C$3.02 billion and a price-to-earnings ratio of 9.67. Parex Resources Inc. has a one year low of C$17.28 and a one year high of C$26.00.

Parex Resources (TSE:PXT) last released its earnings results on Wednesday, November 3rd. The company reported C$0.69 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.84 by C($0.15). The company had revenue of C$290.65 million during the quarter. Sell-side analysts anticipate that Parex Resources Inc. will post 4.9099999 EPS for the current year.

The company also recently announced a None dividend, which was paid on Friday, December 31st. Investors of record on Tuesday, November 16th were given a dividend of $0.25 per share. This represents a yield of 2.44%. The ex-dividend date of this dividend was Monday, November 15th. Parex Resources’s dividend payout ratio (DPR) is presently 3.78%.

A number of research firms have recently commented on PXT. National Bankshares dropped their price objective on Parex Resources from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 4th. Scotiabank lifted their price objective on Parex Resources from C$34.00 to C$35.00 in a research note on Thursday, October 14th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Parex Resources has an average rating of “Buy” and a consensus price target of C$31.50.

Parex Resources Company Profile

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 2,323,941 gross acres. As of December 31, 2020, it had proved plus probable reserves of 194,491 million barrels of oil equivalent.

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

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