Parex Resources (TSE:PXT – Free Report) had its price target lowered by Jefferies Financial Group from C$27.20 to C$23.80 in a research note published on Thursday, BayStreet.CA reports.
Parex Resources Stock Down 7.7 %
PXT stock traded down C$1.42 during trading on Thursday, hitting C$17.09. 401,976 shares of the stock traded hands, compared to its average volume of 537,201. Parex Resources has a 1 year low of C$16.97 and a 1 year high of C$28.23. The firm’s 50 day moving average is C$21.53 and its two-hundred day moving average is C$22.10. The stock has a market cap of C$1.75 billion, a price-to-earnings ratio of 3.16, a price-to-earnings-growth ratio of 0.21 and a beta of 1.56. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.25 and a quick ratio of 1.45.
Parex Resources (TSE:PXT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.78 EPS for the quarter, missing the consensus estimate of C$1.03 by C($0.25). The firm had revenue of C$382.38 million for the quarter. Parex Resources had a net margin of 35.11% and a return on equity of 22.25%. On average, sell-side analysts anticipate that Parex Resources will post 5.2746479 EPS for the current year.
Parex Resources Announces Dividend
Insider Activity
In related news, Director Robert John Engbloom purchased 10,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average price of C$23.22 per share, with a total value of C$232,200.00. Insiders own 1.54% of the company’s stock.
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.
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