Parex Resources (TSE:PXT) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Posted by Francis Steltz on Jun 4th, 2026

Shares of Parex Resources Inc. (TSE:PXT – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.36 and traded as high as C$27.50. Parex Resources shares last traded at C$27.33, with a volume of 1,496,730 shares traded.

Analyst Upgrades and Downgrades

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 stock a “sector perform” rating in a report on Wednesday, April 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Parex Resources has an average rating of “Moderate Buy” and an average target price of C$23.30.

Read Our Latest Stock Analysis on PXT

Parex Resources Price Performance

The company has a current ratio of 1.49, a quick ratio of 1.45 and a debt-to-equity ratio of 9.51. The firm’s 50-day moving average price is C$26.71 and its 200-day moving average price is C$22.49. The stock has a market capitalization of C$2.59 billion, a PE ratio of 14.56, a PEG ratio of 0.21 and a beta of 0.18.

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

Parex Resources Dividend Announcement

The business also recently announced 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 was Wednesday, March 18th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 5.7%. Parex Resources’s payout ratio is 60.30%.

Insider Buying and Selling at Parex Resources

In related news, insider Imad Mohsen purchased 14,600 shares of the firm’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 acquisition, the insider owned 139,501 shares of the company’s stock, valued at approximately C$3,818,142.37. This represents a 11.69% increase in their position. Corporate insiders own 1.64% of the company’s stock.

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.

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