Parex Resources Inc (TSE:PXT) Senior Officer Michael Kruchten Sells 15,534 Shares

Parex Resources Inc (TSE:PXT) Senior Officer Michael Kruchten sold 15,534 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of C$21.72, for a total value of C$337,344.11. Following the transaction, the insider now directly owns 60,037 shares in the company, valued at C$1,303,793.51.

PXT stock traded up C$0.23 during midday trading on Friday, hitting C$21.51. The stock had a trading volume of 569,300 shares, compared to its average volume of 679,346. The stock has a market cap of $3.35 billion and a price-to-earnings ratio of 8.24. The stock’s 50-day moving average price is C$20.84. Parex Resources Inc has a 52-week low of C$13.62 and a 52-week high of C$26.78. The company has a current ratio of 1.48, a quick ratio of 1.22 and a debt-to-equity ratio of 0.16.

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

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

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 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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