Parex Resources Inc. (TSE:PXT) Senior Officer Wayne Kim Foo Sells 10,000 Shares of Stock

Parex Resources Inc. (TSE:PXT) Senior Officer Wayne Kim Foo sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 13th. The stock was sold at an average price of C$24.20, for a total transaction of C$242,000.00. Following the completion of the transaction, the insider now directly owns 1,333,979 shares of the company’s stock, valued at approximately 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 stock was sold at an average price of C$21.50, for a total transaction of C$215,000.00.

TSE:PXT opened at C$25.06 on Friday. Parex Resources Inc. has a one year low of C$17.28 and a one year high of C$26.00. 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 firm has a market cap of C$3.02 billion and a price-to-earnings ratio of 9.67. The firm’s fifty day moving average is C$22.04 and its two-hundred day moving average is C$21.66.

Parex Resources (TSE:PXT) last posted its quarterly earnings results on Wednesday, November 3rd. The company reported C$0.69 EPS for the quarter, missing the consensus estimate of C$0.84 by C($0.15). The business had revenue of C$290.65 million for the quarter. As a group, equities research analysts predict that Parex Resources Inc. will post 4.9099999 earnings per share for the current fiscal year.

The firm also recently declared a None dividend, which was paid on Friday, December 31st. Shareholders of record on Tuesday, November 16th were issued a $0.25 dividend. This represents a yield of 2.44%. The ex-dividend date of this dividend was Monday, November 15th. Parex Resources’s payout ratio is 3.78%.

A number of brokerages recently commented on PXT. National Bankshares reduced their price objective on shares of Parex Resources from C$35.00 to C$33.00 and set an “outperform” rating for the company in a research note on Thursday, November 4th. Scotiabank upped their price target on Parex Resources from C$34.00 to C$35.00 in a research report on Thursday, October 14th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$31.50.

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

Further Reading: Price to Earnings Ratio (PE)

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

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