Insider Selling: Parex Resources Inc (TSE:PXT) Director Sells 100,000 Shares of Stock

Parex Resources Inc (TSE:PXT) Director Curtis Darrell Bartlett sold 100,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of C$21.52, for a total transaction of C$2,152,000.00. Following the sale, the director now directly owns 900,000 shares of the company’s stock, valued at C$19,368,000.

PXT stock traded up C$0.23 on Friday, hitting C$21.51. 569,300 shares of the company’s stock traded hands, compared to its average volume of 679,346. Parex Resources Inc has a 1-year low of C$13.62 and a 1-year high of C$26.78. The firm has a market cap of $3.35 billion and a PE ratio of 8.24. The stock’s fifty day moving average is C$20.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.22 and a current ratio of 1.48.

Parex Resources (TSE:PXT) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.70 EPS for the quarter. The firm had revenue of C$327.86 million during the quarter. On average, equities analysts expect that Parex Resources Inc will post 2.5900001 EPS for the current year.

Several analysts recently commented on PXT shares. Cormark increased their target price on shares of Parex Resources from C$32.50 to C$35.00 in a research note on Tuesday, July 9th. Eight Capital increased their target price on shares of Parex Resources from C$34.00 to C$34.50 in a research note on Tuesday, June 11th.

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 2,037,753 gross acres. As of December 31, 2018, it had proved plus probable reserves of 184.674 million barrels of oil equivalent.

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