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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PARTIAL BUY

It has had less of a move than others. $20 is critical. We need to see it get through this resistance. If it does we could easily get to $26. You could buy half now and the other half when it gets through $20. It is seasonally positive right now. (Analysts’ price target is $28.58)

TOP PICK

OPEC doesn't want oil to fall that low. $65 oil is possible. There's definite upside here. Even Canadian oil is improving, though slowly. Canada needs more pipelines to the US and more markets, namely China. Railways have stepped up, but it's not the safest way to transport oil. He's bullish Canadian oil. (Analysts’ price target is $28.58)

BUY

He bought it two weeks ago. They have improved their reserve life index from 4 to 11 years. Their netbacks are expected to grow 19% this year. They will likely buy back 10% of their shares next year. There is Colombian exposure, but for 4% weight in his portfolio he is happy to take the risk.

BUY

Loves it. One of his biggest holdings. It got hammered, but actually holds net cash and generates $4+/share. Incredibly cheap. They get Brent Oil pricing, another upside. It'll go back to mid-$20's.

TOP PICK

Oil was a dirty word last year, and Parex got immersed in controversy. Mid-size rapidly growing producer of oil. Owns some of highest netbacks, which are operating margins, of any Canadian oil producer. Tripled production since 2013, but quintupled EPS, which is unique in the resource space. Compelling buying opportunity right here, right now. No dividend. (Analysts’ price target is $29.11)

WEAK BUY

He is not a big fan of the oil business. Their cost of production is pretty good. They are in Columbia. You could play it but it is not an investment.

PAST TOP PICK

(A Top Pick Nov 30/17, Down 9%) A change in strategy seems to have confused investors. The assets continue to grow and they have had good success with the assets in Colombia. It is as cheap a stock as you can find. This is a table pounding buy.

TOP PICK

Any bids they received on assets for sale were rejected this week by the company. They felt the market was not showing strong enough bids -- primarily with oil prices trading a depressed levels currently. The company is undertaking a bid for 10% of their float of stock, which is nicely impacting the share price. Trading at less than 2.7 times next year's cash flow, which is also growing by 20%. Their production is priced on Brent oil prices. A table pounding buy. Yield 0% (Analysts’ price target is $29.11)

HOLD

He likes this and thinks they have great assets in South America and are not exposed to the Canadian differential market. A high quality name.

BUY

Pristine balance sheet with $3/share net cash. They're now up for sale after a strategic review. He expects a major will take this out. His take-out price is in the high-$20's.

DON'T BUY

This name is fine. Their upside now is to monetize some of their assets. They are based in Columbia. There is still an element of uncertainty. There are many other names in Canada he would rather buy. Nothing fundamentally wrong, but taking on more risk with this name.

PAST TOP PICK

(Past Top Pick Nov. 30, 2017, Up 7%) He still own this and will talk about it later (in the show).

TOP PICK

The best-performing energy stock a year ago, but in July they announced they'd sell their Colombian developmen properties and distributing the cash to shareholders. It's a successful exploration company. They had been generating so much cash flow from their Colombian success that they felt they were being penalized for it, because they couldn't reinvest that cash fast enough. The market took it very negatively. Plus, their August earnings announced a dry well, and triggered more selling. Now, it's one of the worst energy performers. That said, since August they've had two successful well announcements that nobody noticed. Sometimes the market acts irrationally on a stock like this one. Trading at 3.2x cash flow. (Analysts' price target $31.08)

TOP PICK

It's done very well over the past 5 years. A favourite of his. They just announced a strategic plan to maybe sell the company and will announce plans before Christmas. It's buying back shares and is one of the few companies without debt. Their cash flows have been growing consistently in past years. He was buying shares yesterday; it's cheap now. (Analysts' price target $31.08)

BUY

It is a good name. He would own it again. As we resolve issues, he would trade this or the similar one in his Top Picks. The long term trend should re-assert itself.

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Parex Resources Inc. (PXT.TO)