Parex Resources Inc. (PXT.TO) Buy, Sell or Hold

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Parex Resources Inc. (PXT.TO)

21.01

+0.16 (0.77%)

as of Jul 3, 2026, 8:00:00 pm Market Open.

292 watching

Investor Insights

Jul 2, 2026, 12:00 am

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

Parex Resources Inc. (PXT) has shown a notable recovery, with its stock price increasing by 30% year-to-date. The company is currently trading at a low valuation of 8 times earnings and offers an attractive dividend yield of 8.13%. Its balance sheet is solid, highlighted by $75 million in net cash, indicating financial stability despite lower financials compared to previous years. Recent Q2 results were promising, showcasing effective cost management and favorable pricing differentials. The company's guidance remains steady at production levels between 43,000 to 47,000 barrels per day, and experts suggest that the current valuation and dividend make it a compelling investment, even considering its inherent volatility.

Consensus

Buy

Valuation

Undervalued

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PAST TOP PICK

(A Top Pick Dec 02/21, Down 9%) Not immune to impact of commodity prices. Recently, oil has cooled off, so he's capped oil and gas exposure. Best in class. Nice dividend. Taking itself private. Super cheap. Bit of political risk, nothing it can't handle.

DON'T BUY

Too much uncertainty with company. Better names to invest in. Windfall tax in Colombia a big risk. Political situation in Colombia getting worse.

BUY

55K barrels of oil a day in Colombia. Political risk, but tax changes would have to be cataclysmic to affect PXT. One of the lowest-cost producers on the TSX. Profitable at sub-$30 oil. Growing production. ROE 36%. Cheap at 2.5x next year's earnings, 3.5x this year's. No debt, lots of cash on balance sheet, buying back stock.

BUY

Based on Calgary, but all production comes out of Colombia. Their government is changing, is more leftist, so there are concerns over land leases and drilling rights for foreign oil companies. Parex is cash-flow strong and produces over 50,000 barrels a day, and pays more than a 3% dividend. It has bought back 30% of its shares and continues to. Shares should ebb and flow with oil prices. Their wells don't cost a lot of cash. He's owned this for a long time and keeps adding shares.

BUY

Good buy if outlook for petroleum is favorable. Favorable track record for exploration in political risky country. Safer names out there, but good buy for risk oriented investors.

PAST TOP PICK

(A Top Pick Aug 11/21, Up 14%) A Scotia analyst just downgraded it, spooked by voting results in Colombia. He isn't spooked. This is one of the lowest-cost producers on the TSX and likes their dividends, share buybacks and growth. Still buying it.

BUY

Own through the cycle, regardless of oil price, as they make money at $30 oil. Increasing dividend, special dividend. Buying back shares. Production is up 9-10% YOY. Growth plus income. If oil stays where it is (his view), will outperform TSX; if it goes way higher, it won't.

BUY

Very timely. Unique is all production is in Colombia. Growth story, free cashflow machine. New leadership. Buying back shares, production growth of 17%. No debt, 4x earnings. Best in class. Yield around 4%.

BUY

Best in class oil producer. Not moving higher because it's a mid-cap name below the radar. Big money goes to the big caps. Highest operating netback margins. Stealth privatization through buybacks, creating value. Patience required.

TOP PICK

It is a mid-sized Canadian company with a unique asset base. Produces about 53000 barrels a day all in Columbia. Has one of the highest net backs. It is growing at 12% this year and has grown at a compound rate of 9% over the past 5 years, Management has concentrated on creating shareholder value. It has grown cash flow per share at 365% total over the past 5 years and is buying back shares. It has no debt and has $375 million in cash. It is the one to own and he is still buying. Buy 10, Hold 0, Sell 0. (Analysts’ price target is $38.90)

PAST TOP PICK

(A Top Pick Mar 26/21, Up 26%) Exploration focused company. Returning 1/3 of free cash flow back to shareholders. CEO could do better at selling company. Other opportunities that are better to own in Canadian energy,

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Recent results looks fine. Buybacks continue and cash levels look okay. Largely inline with estimates. Momentum is solid and the stock has hit a new high. The Columbian election is a bit of a risk but it is most likely priced in with the low valuation of the stock. Unlock Premium - Try 5i Free

PAST TOP PICK

(A Top Pick Jan 07/21, Up 22%) More in the tank. Distinct because all assets are in Colombia. Production has grown considerably. Cashflow has grown more than production. Hyper-focused on profitability. Debt free. 100's of million of cash on the balance sheet. Buys back shares. Enacted a dividend. Great management, valuation, and entry point.

DON'T BUY

Thinks the CEO is not doing a great job. A value trap. Have owned it in the past, but has moved one. Better alternatives out there.

TOP PICK

Production in Colombia, listed in Canada. Mid-sized. Production has grown 58% over 5 years. Cashflow has grown 360+%. High margins and high quality assets. No debt. Cash on books. Retiring shares. Special dividend. Great management. Undervalued. Yield is 2.45%. (Analysts’ price target is $34.85)

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Parex Resources Inc. (PXT.TO)