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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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. One of their favourites in the sector. No debt and lots of cash. The stock is up 66% in the past year. A safer oil stock. The company continues to make the right moves. Dividend has started this year and they are buying back shares. Unlock Premium - Try 5i Free

DON'T BUY

Got tired of the chronic underperformance. The past 2 years, the messaging from management has changed consistently. The messaging has confused people what they want to achieve. The stock is cheap. Trading at 2x cashflow. Free cashflow at 38%. Could be a value trap. Need to do a sharebuy back or dividend.

TOP PICK

Mid-sized oil producing and exploration company in Colombia. Great quality assets. Hyper-focused on profitability. Turned off the taps last year to wait for a better price environment, which is now. Buying back shares. Initiated inaugural dividend last month. Quality, growth, undervalued, slowly taking itself private. Yield is 2.6%. (Analysts’ price target is $33.53)

PAST TOP PICK

(A Top Pick Jul 07/20, Up 27%) The only oil stock he owns. High quality asset base in Colombia. Manages the full cycle of production. Exploration budget has been dialled back up. Pristine balance sheet, no debt. Consistently buy back shares, thinks they're stealthily taking it private. Continues to buy it.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A solid cash-rich company in a sector with strong recovery. The company continues to buy back shares. It ttraded at $25 in 2018. There is some risk with headlines in Columbia but there is good potential it will get north of $25. Unlock Premium - Try 5i Free

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company has $330M net cash and buying back lots of shares. The stock is very cheap at 7x earnings. The leverage to oil is positive. Could buy up to a mid-sized position now. Unlock Premium - Try 5i Free

BUY

It avoided plunging and suffering like the rest of the oil patch last year; it remained profitable. It boasts an excellent asset base, low costs and international oil pricing. These are huge advantages. This is best of breed. It has historically led its peers, though lately lags them because other names are rebounding from near-fatal lows. Cash rich, they're buying back a lot of shares.

TOP PICK

Trading at a very low valuation. Biggest weighting for him. Likes it for the exploration front, partnership with government and valuation. Trading at 2.4x cashflow at $65. 28% free cashflow yield. Theoretically could keep production flat and pay 28% free cash. Sitting on $460M cash. What to do with the cash? Looking into new acreages. Free optionality on exploration or could get acquired for deleveraging by a company like Vermillion. 70% upside possible. (Analysts’ price target is $30.52)

PAST TOP PICK

(A Top Pick Mar 10/20, Up 65%) The top performing stock in the TSX energy index. Continues to like it. A consistent performer. Earnings were pretty strong at $0.45 EPS. Their assets are in Columbia, which is prolific and productive. Their cost of production is low. Cash rich and bought back some shares last year. Spends around $180M in development and exploration. New CEO. Core assets are sound and it is still undervalued.

PAST TOP PICK

(A Top Pick Jan 20/20, Down 12%) If he were to own oil/gas, this is it. However, Parex's sole interest in Colombia gives him pause.

TOP PICK

Some of the highest operating margins, low break even price, no debt, share buybacks, cash on balance sheet. Dialled up capex spending in December. Lean, efficient, growthy producer that's financially very sound. No dividend. (Analysts’ price target is $25.60)

PAST TOP PICK

(A Top Pick Jan 20/20, Down 23%) He got stopped out, but can see owning it again in the future. It's the best producer out there. Profitable, buys back shares, no debt. Hard assets are a good hedge against inflation.

PAST TOP PICK

(A Top Pick Nov 15/19, Down 31%) There were talks of expanding outside of Colombia during better times last year. MNA is no longer a priority. They are trying to maximize their share buybacks. A net cash, debt free company, which is a good position. The valuation is less attractive than others.

HOLD

The stock is mispriced, because it's mid-sized, doesn't carry a huge weight in the TSX and has little analyst coverage. It's been dragged down by apathy towards all oil, an unloved sector. But he still buys it, and he expects better commodity prices and/or weaker companies will fade and investors will realize that Parex is a cash-rich, resilient company. Be patient.

TOP PICK

He's playing the recovery through Parex, a mid-sized oil producer in Colombia. It has some of the largest operating profits of any large or mid-sized Canadian oil producer. It's also debt-free with $360 million cash. Management is hard-wired for profitable growth. (Analysts’ price target is $23.83)

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Parex Resources Inc. (PXT.TO)