Parex Resources Inc. (TSE:PXT – Get Free Report) insider Imad Mohsen purchased 24,870 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was acquired at an average cost of C$20.07 per share, with a total value of C$499,140.90. Following the acquisition, the insider owned 191,907 shares in the company, valued at C$3,851,573.49. The trade was a 14.89% increase in their position.
Imad Mohsen also recently made the following trade(s):
- On Monday, November 9th, Imad Mohsen acquired 385 shares of Parex Resources stock. The shares were bought at an average cost of C$20.03 per share, for a total transaction of C$7,711.55.
- On Monday, November 9th, Imad Mohsen acquired 97 shares of Parex Resources stock. The shares were bought at an average price of C$20.11 per share, for a total transaction of C$1,950.67.
- On Monday, November 9th, Imad Mohsen bought 690 shares of Parex Resources stock. The stock was bought at an average price of C$20.05 per share, with a total value of C$13,834.50.
- On Monday, November 9th, Imad Mohsen bought 89 shares of Parex Resources stock. The shares were bought at an average cost of C$20.06 per share, for a total transaction of C$1,785.34.
- On Monday, November 9th, Imad Mohsen purchased 120 shares of Parex Resources stock. The shares were bought at an average price of C$20.09 per share, for a total transaction of C$2,410.80.
Parex Resources Stock Performance
TSE PXT remained flat at C$19.81 on Monday. 2,295,767 shares of the company’s stock traded hands, compared to its average volume of 886,219. The company has a quick ratio of 1.45, a current ratio of 0.88 and a debt-to-equity ratio of 34.66. Parex Resources Inc. has a 52 week low of C$17.12 and a 52 week high of C$30.44. The stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 3.33, a P/E/G ratio of 0.21 and a beta of 0.25. The business has a 50-day moving average price of C$27.59 and a two-hundred day moving average price of C$25.33.
Parex Resources Dividend Announcement
The company also recently declared 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 of this dividend was Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 7.8%. Parex Resources’s payout ratio is currently 18.57%.
Analyst Ratings Changes
Several analysts have issued reports on the stock. ATB Cormark Capital Markets set a C$35.00 price objective on shares of Parex Resources and gave the stock an “outperform” rating in a research note on Monday, October 26th. Scotiabank upped their target price on Parex Resources from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$28.30.
View Our Latest Report on Parex Resources
Key Parex Resources News
Here are the key news stories impacting Parex Resources this week:
- Positive Sentiment: Two directors and insider Imad Mohsen reported buying Parex shares on November 9. The largest disclosed purchases were 24,870 shares by Mohsen for about C$499,141 and a combined 12,500 shares by the two directors for about C$251,150. Insider buying can be a positive confidence signal. Insider transactions
- Negative Sentiment: A report said Parex shares had fallen 16.8%, indicating significant recent selling pressure. The headline does not provide a reason for the decline or further details on what investors may expect next. Parex Resources Stock Price Down 16.8% – What’s Next?
About Parex Resources
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.
Featured Articles
- Five stocks we like better than Parex Resources
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for Parex Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parex Resources and related companies with MarketBeat.com's FREE daily email newsletter.
