Parex Resources Inc. (PARXF)
| Market Cap | 907.66M |
| Revenue (ttm) | 1.16B |
| Net Income (ttm) | 263.51M |
| Shares Out | n/a |
| EPS (ttm) | 2.56 |
| PE Ratio | 3.44 |
| Forward PE | n/a |
| Dividend | 1.11 (11.98%) |
| Ex-Dividend Date | Dec 9, 2024 |
| Volume | 29,500 |
| Open | 9.30 |
| Previous Close | 9.27 |
| Day's Range | 9.15 - 9.30 |
| 52-Week Range | 8.43 - 19.55 |
| Beta | 1.43 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Feb 28, 2025 |
About Parex Resources
Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company’s principal land holdings and exploration blocks are in Colombia Llanos and Magdalena Basin. It has 55% working interest in Block LLA-34; 100% working interest in Cabrestero Block; and 50% working interest in Capachos Block and Block VIM-1. The company was incorporated in 2009 and is headquartered in Calgary, Canada. [Read more]
Financial Performance
In 2023, Parex Resources's revenue was $1.17 billion, a decrease of -10.75% compared to the previous year's $1.31 billion. Earnings were $459.31 million, a decrease of -24.87%.
Financial StatementsNews
Parex: Turning The Situation Around
Parex faced an upstream disappointment. This led to lower capital spending. The company's minimal debt level is a competitive advantage. Management has redirected extra cash from the reduced capital b...
Parex Resources Inc. (PARXF) Q3 2024 Earnings Call Transcript
Parex Resources Announces Third Quarter Results, Declaration of Q4 2024 Dividend, and Operational Update
CALGARY, Alberta, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period end...
Co.'s Spate of Events Raises Eyebrows
A recent flurry of activity and a new chief executive officer make this Canadian explorer worth watching, a newsletter writer pointed out. Read on to learn what all this junior has been up to.
Parex Resources: A Small-Cap With Strong Cash Flow And Big Potential
Parex Resources has a market cap of $950m and strong assets, despite 50% stock decline. It faces production challenges. Find out why PARXF stock is a Buy.
Parex Resources Announces Production Update and Timing of Q3 2024 Results
CALGARY, Alberta, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) announces a production update as well as its plan to release its Q3 2024 financial and op...
Parex Resources: Twilight In The LLA-34 Jungle
Parex Resources: A Hiccup
Parex Resources Announces Operational and Guidance Update, and Chief Financial Officer Transition
CALGARY, Alberta, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) provides an update on its current operations, corporate guidance, outlook, and announces ...
Parex Resources Announces Second Quarter Results, Declaration of Q3 2024 Dividend, and Operational Update
CALGARY, Alberta, July 31, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period end...
Parex Resources: Colombia Is The Place To Be
Parex Resources operates in Colombia, a supportive country for the oil and gas industry, despite some government inefficiencies and infrastructure issues. The company has a conservative balance sheet ...
Parex Resources Inc. (PARXF) Q1 2024 Earnings Call Transcript
Parex Resources Inc. (OTCPK:PARXF) Q1 2024 Results Conference Call May 9, 2024 11:30 AM ET Company Participants Mike Kruchten - Senior Vice President of Capital Markets and Corporate Planning Imad Moh...
Parex Resources: Too Much Potential To Be Ignored
Parex Resources completed Q1 2024 with increased production levels year-over-year, in spite of shut-ins that affected two wells. It has returned more than 33% of its free funds from operations (FFO) t...
Parex Resources Announces Voting Results of Shareholders' Meeting
CALGARY, Alberta, May 09, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that on May 9, 2024, it held its annual general and special meeting...
Parex Resources Announces First Quarter Results, First Production at Arauca, and Declaration of Increased Q2 2024 Dividend
CALGARY, Alberta, May 08, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period ende...
Parex Resources Announces Timing of Q1 2024 Results, Annual General Meeting, and Foothills Investor Presentation
CALGARY, Alberta, April 23, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that it plans to release its Q1 2024 financial and operating resu...
Parex Resources and Ecopetrol Enter into Definitive Agreements to Explore Colombia's High-Potential Llanos Foothills Trend
CALGARY, Alberta, April 11, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) and its strategic partner Ecopetrol S.A. (“Ecopetrol”), are pleased to announce that the...
Parex Resources: Dirt-Cheap Oil Producer Amidst Political Fears
Parex is significantly undervalued at 1.96x EV/EBITDA due to concerns about political risks. Parex is a stellar business with great capital allocation at a 23.5% ROCE and top EBITDA margins at 68%. Wi...
Parex Resources Inc. (PARXF) Q4 2023 Earnings Call Transcript
Parex Resources Inc. (PARXF) Q4 2023 Earnings Call Transcript
Parex Resources Announces 2023 Full-Year Results & Reserves, Resumption of Northern Llanos Operations, and Declaration of Q1 2024 Dividend
CALGARY, Alberta, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three- and twelve-mont...
Parex Resources Provides Update on Northern Llanos Operations as well as Announces Timing of Q4 2023 Results
CALGARY, Alberta, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) provides an update on its Northern Llanos operations, which are being affected by ongoing...
Parex Resources Announces Approval of Normal Course Issuer Bid and Automatic Share Purchase Plan
CALGARY, Alberta, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that the Toronto Stock Exchange ("TSX") has approved the Company c...
Parex Resources Announces Record Full-Year & Fourth Quarter Production, Arauca Discovery, and Publishes 2024 Guidance
CALGARY, Alberta, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to publish its 2024 budget alongside an updated three-year outlook, announce p...
Showcasing Seeking Alpha's December 2023 New Analysts
Seeking Alpha welcomes 25 new analysts who have published their first articles in December 2023. The new analysts cover a wide range of areas of interest, including long/short equity, growth, tech, va...
Parex Resources: Why The Exaggerated Fears Can't Compare To Its Growth Potential
Parex Resources is the largest independent company in the oil and gas sector operating in Colombia. It is also one of the rare companies able to grow free cash flows above 40% while buying back 10% of...