Parex Resources Inc. (TSE:PXT) Plans $0.39 Quarterly Dividend

Parex Resources Inc. (TSE:PXT) announced a quarterly dividend on Tuesday, September 8th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.385 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 8th.

Parex Resources Stock Performance

TSE:PXT opened at C$28.76 on Friday. The stock has a market capitalization of C$2.77 billion, a P/E ratio of 4.83, a PEG ratio of 0.21 and a beta of 0.13. The company has a debt-to-equity ratio of 34.66, a quick ratio of 1.45 and a current ratio of 0.88. Parex Resources has a fifty-two week low of C$16.25 and a fifty-two week high of C$30.20. The company has a 50 day moving average price of C$24.72 and a 200 day moving average price of C$25.21.

Insider Activity at Parex Resources

In related news, insider Imad Mohsen bought 24,250 shares of the stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average price of C$20.61 per share, for a total transaction of C$499,792.50. Following the acquisition, the insider owned 165,410 shares in the company, valued at approximately C$3,409,100.10. This represents a 17.18% increase in their position. Also, insider Cam Grainger acquired 2,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was bought at an average price of C$27.40 per share, with a total value of C$54,800.00. Following the purchase, the insider directly owned 43,584 shares of the company’s stock, valued at C$1,194,201.60. This represents a 4.81% increase in their ownership of the stock. Corporate insiders own 1.64% of the company’s stock.

Parex Resources Company Profile

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.