Parex Resources (TSE:PXT) Insider Imad Mohsen Acquires 14,600 Shares

Posted by Geri Gentry on May 15th, 2026

Parex Resources Inc. (TSE:PXT – Get Free Report) insider Imad Mohsen purchased 14,600 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of C$27.37 per share, for a total transaction of C$399,602.00. Following the completion of the transaction, the insider owned 139,501 shares of the company’s stock, valued at approximately C$3,818,142.37. This trade represents a 11.69% increase in their ownership of the stock.

Parex Resources Price Performance

PXT stock opened at C$26.98 on Friday. The firm has a 50 day moving average of C$26.43 and a 200-day moving average of C$21.73. The firm has a market capitalization of C$2.59 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 0.21 and a beta of 0.18. Parex Resources Inc. has a 12 month low of C$12.17 and a 12 month high of C$30.20. The company has a current ratio of 1.49, a quick ratio of 1.45 and a debt-to-equity ratio of 9.51.

Parex Resources (TSE:PXT – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported C$0.07 earnings per share for the quarter. Parex Resources had a net margin of 19.59% and a return on equity of 9.34%. The business had revenue of C$284.35 million for the quarter.

Parex Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 25th were issued a $0.385 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $1.54 annualized dividend and a dividend yield of 5.7%. Parex Resources’s dividend payout ratio is presently 42.29%.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lifted their price objective on Parex Resources from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Parex Resources currently has an average rating of “Moderate Buy” and a consensus price target of C$23.30.

View Our Latest Stock Analysis on PXT

About Parex Resources

(Get Free Report)

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company’s properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts.