TSE:PXT

Parex Resources Inc. (PXT.TO)

26.49
+0.46 (1.75%)
as of Jun 8, 2026, 8:00:00 pm Market Open.
292 watching
0
Investor Insights
star iconJun 7, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Parex Resources Inc. (PXT) has seen a notable recovery, with its stock rising by 30% year-to-date. Currently, it trades at a compelling valuation of 8X earnings, accompanied by a robust dividend yield of 8.13%. The company's strong balance sheet is underscored by $75 million in net cash, which supports its financial stability. Although its recent financial performance has been lower than previous years, analysts expect growth to resume in the coming year. Q2 results were solid, showcasing effective cost management and favorable differentials, while guidance for production remains stable at 43,000 to 47,000 B/d. Given its attractive valuation and dividend in the context of its volatility and cyclicality, experts find it a buy at current levels.

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Consensus
Positive
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Valuation
Undervalued
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Similar
CPE
TOP PICK
Expiration activity, primarily oil, in Colombia and Trinidad. Looking at an exit rate of 14,000 barrels of oil this year and looking at $2 a share in cash next year. Trading at 4X cash flow. Looking for it to go a lot higher.
TOP PICK
An exploration company spun out of Petro Andina. Have now bought out their working business partner for $255 million through a convertible debenture and subscription receipts. Trades between 2 and 3 times debt adjusted cash flow. Expecting them to exit this year at 1,400 barrels a day. Cheap.
TOP PICK
Good management. Will produce about 8,000 barrels of oil this year. Had great success in Colombia but are also in Trinidad, which he doesn’t think the market is paying for. Will be slow and steady.
PAST TOP PICK
(A Top Pick Dec 8/09. Up 85%.) Oil in Colombia. Very competent company.
PAST TOP PICK
(A Top Pick Dec 8/09. Up 63.59%.) Still likes.
TOP PICK
Oil/gas in Colombia. Just announced that one of their wells hit 500 barrels a day and could be 2500 a day. Great Management.
BUY
Very attractive company. Has moved into Colombia in its new life, having sold its Argentinean company. Interesting assets in Colombia and Trinidad. They are experts.
TOP PICK
Oil/gas play in Colombia. Near Petrominerales (PMG-T).
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