Parex Resources (TSE:PXT) Stock: Insider Michael Kruchten Sells 21,382 Shares

Posted by Grant Hamersma on Oct 22nd, 2026

Parex Resources Inc. (TSE:PXT – Get Free Report) insider Michael Kruchten sold 21,382 shares of the stock in a transaction dated Monday, October 19th. The shares were sold at an average price of C$29.21, for a total value of C$624,568.22. Following the completion of the transaction, the insider directly owned 61,620 shares in the company, valued at approximately C$1,799,920.20. This represents a 25.76% decrease in their position.

Parex Resources Stock Performance

PXT opened at C$29.28 on Thursday. The company’s 50 day moving average is C$27.95 and its 200 day moving average is C$26.09. The company has a market cap of C$2.82 billion, a price-to-earnings ratio of 4.92, a PEG ratio of 0.21 and a beta of 0.17. Parex Resources Inc. has a 12-month low of C$17.12 and a 12-month high of C$30.20. The company has a current ratio of 0.88, a quick ratio of 1.45 and a debt-to-equity ratio of 34.66.

Parex Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were paid a dividend of $0.3850 per share. The ex-dividend date was Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 5.3%. Parex Resources’s payout ratio is 18.57%.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their target price on Parex Resources from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Parex Resources has a consensus rating of “Hold” and an average target price of C$26.62.

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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.