Parex Resources (TSE:PXT) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Posted by Brian Himes on May 26th, 2026

Shares of Parex Resources Inc. (TSE:PXT – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.13 and traded as high as C$25.99. Parex Resources shares last traded at C$25.62, with a volume of 523,732 shares changing hands.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on Parex Resources

Parex Resources Trading Down 3.1%

The company has a market cap of C$2.46 billion, a P/E ratio of 13.85, a PEG ratio of 0.21 and a beta of 0.18. The stock’s 50 day moving average is C$26.83 and its 200-day moving average is C$22.13. 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 announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$284.35 million for the quarter. Parex Resources had a net margin of 19.59% and a return on equity of 9.34%.

Parex Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were paid a $0.385 dividend. The ex-dividend date was Wednesday, March 18th. This represents a $1.54 dividend on an annualized basis and a yield of 6.0%. Parex Resources’s payout ratio is presently 60.30%.

Insider Transactions at Parex Resources

In other news, insider Imad Mohsen purchased 14,600 shares of the company’s stock in a transaction that occurred on 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 purchase, the insider directly owned 139,501 shares in the company, valued at approximately C$3,818,142.37. This trade represents a 11.69% increase in their position. 1.64% of the stock is currently owned by insiders.

Parex Resources Company Profile

(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.