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

Home

Daily Stock Opinions and Ratings

Parex Resources Inc. (PXT.TO)

29.64

+1.12 (3.93%)

as of Sep 1, 2026, 8:00:00 pm Market Open.

292 watching

Investor Insights

Sep 1, 2026, 12:00 am

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

Parex Resources Inc. (PXT-T) has demonstrated a notable recovery, with its stock value increasing by 30% year-to-date. Analysts highlight that the company remains attractively priced, trading at 8 times earnings and offering an appealing dividend yield of 8.13%. The financial health of the company appears robust, with a net cash position of $75 million. While current financials are lower compared to previous years, there are expectations for growth to recommence in the upcoming year. The second quarter results showcased effective cost management and favorable price differentials, with production guidance sustained at a range of 43,000 to 47,000 barrels per day, contributing to the overall positive sentiment around its valuation and dividend attractiveness amidst inherent volatility.

Consensus

Buy

Valuation

Undervalued

Similar

CNE, T.

BUY

A solid company trading at 14% free cash flow. They will buyback shares later this year, which other oil companies should do.

COMMENT

Gran Tierra (GTE-T) vs Parex Resources (PXT-T). A tale of comparing two brothers. Both are in South America with Columbian core assets. Parex being a pure play vs Gran Tierra having ventured into Peru and Brazil and have exited these areas and now looking at Mexico and so forth. Prefers Parex as a South American play, very consistant. Gran Tierra has had its misteps, still has very good core Columbian assets.

PAST TOP PICK

(A Top Pick Aug 01/18, Down 7%) They did a failed assets sale last year at the wrong time when oil markets peaked then slid. They received lousy bids. It's still a great growth story with a good drill program. They're operating in Colombia, so they get international pricing, not low Canadian. They are buying back a lot of shares. He's happy holding this for the long term.

WATCH

They have ended their strategy view and have decided to not sell the company. They thought is was worth $30 per share. It has cheap metrics and receives Brent pricing for its oil. They had a dry hole recently, which prompted them to exit their holding.

BUY

It is one of two energy holdings he still has. It operates exclusively in Colombia. It trades at 4.5 times cash flow. It is doing a share buyback, which he likes. There is still lots of growth opportunity. They are virtually debt free.

BUY

A previous Top Pick. It had suffered during their sell off process that went no where. They are not subject to the same issues as domestic producers -- getting high netbacks based on Brent oil prices. The one knock is that their reserve life is a shorter compared to their peers. He would still look to add to any position. (Analysts’ price target is $30.83)

PAST TOP PICK

(A Top Pick May 16/18, Down 8%) Had a good report today, though it's been a rollercoaster the past year. Oil prices fell off their peak last summer. Also PXT put itself up for auction at the same time. Not good and it didn't work. Earnings reported today up 18% and production 26%. High cash flow and margins and bought back shares the last quarter. Better days are ahead and he likes it.

HOLD

Issues in Russia? There is a contamination issue with their oil in Russia. He thinks it will be resolved. They are growing production and buying back stock out of free cash-flow -- he likes that. A well run company, that he took profit with a while ago. He would continue to hold it if you do, but he sees better opportunity for new money.

Wealthica Track your Stocks in your Watch List

DON'T BUY

With the differential in Calgary these guys performed well due to South American assets. They don't have the same pipeline issues. The concern is where their future growth is going to come from. You can get better value in Canadian names that have been beat up.

BUY

Likes it, but admits it's had a wild ride in the past 12 months. It's a midcap growth company that growing earnings and cash flow, which has been elusive in Alberta. They actually operate in Colombia, producing 25% more oil in the past year. 2018's stock turbulence was due to a failed auction--didn't get any company bids they liked, so investors fled. It's now dramatically undervalued. Great growth to come. Colombia's political risk has waned. vs. CNQ, the comparison is unfair, because PXT is much smaller, but the point is access to markets to Colombia is key.

BUY

It is testing recent highs of Oct. 2018 and could break out. As for WTI oil, it could hit $80-90, but expects strong resistance at $66. He's bearish commodities. It's okay to hold oil now to the summer, then peel back your holdings.

BUY

He's liked this for a long time; it's his biggest Canadian holding. They struggled a little in latter-2018, failing to sell Colombian assets. They took that off the market in December 2018. They've been aggressively buying back their stock and will continue to this year until that Colombian bid runs out. Trading at 3x cash flow. They still have excellent exploration properties. Well-managed. A cheap stock.

BUY

Likes it, though it had a big plunge late last year, reflecting a weak commodity price. PXT also blundered by putting itself up for sale without having an intial stalking horse bid first. Otherwise, it's business as usual with profitable and quickly growing oil production in Colombia at 50,000 barrels of oil a day. CPX makes 25-30% ROE, because they sell at international oil prices, not the lower WCS. He expects PXT to push through old highs. He's bullish.

HOLD

They produce oil in Colombia. He likes the balance sheet and the production growth. Management is educated in the region. He thinks this is a good holding for the energy space. They may be a good take out target in the future.

PAST TOP PICK

(A Top Pick Jan 18/18, Up 1%) It is cheap with a great balance sheet so the reason for buying it still holds. They failed to sell a portion of their business. They have a fair bit of exploration targets and they get Brent pricing.

Showing 76 to 90 of 188 entries

Most Recent Experts

Bruce Campbell (2)

Stone Castle Investment Management Inc.

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

The Monthly Gems by Allan Tong

Stockchase

Andrey Omelchak

LionGuard Capital Management

Jim Cramer - Mad Money

CNBC

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Parex Resources Inc. (PXT.TO)