Parex Resources Inc. (TSE:PXT - Get Free Report) insider Eric Furlan sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of C$29.20, for a total value of C$233,600.00. Following the completion of the sale, the insider owned 111,301 shares of the company's stock, valued at C$3,249,989.20. The trade was a 6.71% decrease in their position.
Parex Resources Stock Performance
TSE:PXT opened at C$29.18 on Friday. The firm has a market cap of C$2.81 billion, a PE ratio of 4.90, a price-to-earnings-growth ratio of 0.21 and a beta of 0.17. Parex Resources Inc. has a fifty-two week low of C$17.12 and a fifty-two week high of C$30.20. The company has a debt-to-equity ratio of 34.66, a quick ratio of 1.45 and a current ratio of 0.88. The business has a 50 day moving average price of C$28.01 and a 200-day moving average price of C$26.11.
Parex Resources Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were paid a $0.3850 dividend. This represents a $1.54 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 8th. Parex Resources's payout ratio is presently 18.57%.
Wall Street Analyst Weigh In
Separately, Scotiabank upped their price target on shares of Parex Resources from C$29.00 to C$30.00 and gave the company a "sector perform" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$26.62.
Check Out Our Latest Research Report on PXT
Parex Resources Company Profile
(
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Parex is the largest independent oil and gas company in Colombia, focusing on sustainable conventional production. The Company's corporate headquarters are in Calgary, Canada, with an operating office in Bogota, Colombia.
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