Parex Resources Inc.

PXT-T

Analysis and Opinions about PXT-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 7, 2021
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)
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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
PAST TOP PICK
December 17, 2020
(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.
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(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
PAST TOP PICK
October 16, 2020
(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.
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(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
HOLD
September 10, 2020
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.
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Parex Resources Inc. (PXT-T)
September 10, 2020
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
TOP PICK
July 7, 2020
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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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)
DON'T BUY
DON'T BUY
June 19, 2020
It is regarded as lower risk, despite a slightly higher geopolitical risk. They are sitting on $300 million in cash. They are looking for an acquisition outside of their core, so he is a little uneasy on where they are going. There are better names to own first.
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It is regarded as lower risk, despite a slightly higher geopolitical risk. They are sitting on $300 million in cash. They are looking for an acquisition outside of their core, so he is a little uneasy on where they are going. There are better names to own first.
COMMENT
COMMENT
April 3, 2020

Fed bailout? He has no idea yet if VET or PXT would qualify if there was a Federal government incentive. He does not expect a bailout; rather, a lump sum of money available for financing.

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Fed bailout? He has no idea yet if VET or PXT would qualify if there was a Federal government incentive. He does not expect a bailout; rather, a lump sum of money available for financing.

TOP PICK
TOP PICK
March 10, 2020
A mid-size oil producer operating in Colombia, 54,000 barrels per day. Production has tripled since 2014. Their earnings have grown 400% in that time. They carry no debt, and have a lot of cash that they use to buyback shares. Maybe current low oil prices will prevent buybacks this year, but they can keep their capital program growing. (Analysts’ price target is $31.02)
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A mid-size oil producer operating in Colombia, 54,000 barrels per day. Production has tripled since 2014. Their earnings have grown 400% in that time. They carry no debt, and have a lot of cash that they use to buyback shares. Maybe current low oil prices will prevent buybacks this year, but they can keep their capital program growing. (Analysts’ price target is $31.02)
TOP PICK
TOP PICK
January 31, 2020
Management has done a great job and will continue to buy back stock this year. It trades at a low multiple. It may trade about 4.5 times this year's cash flow. If you are to own an oil and gas company this is the one. He thinks management will provide some positive drilling results in the near future. Yield 0% (Analysts’ price target is $30.75)
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Management has done a great job and will continue to buy back stock this year. It trades at a low multiple. It may trade about 4.5 times this year's cash flow. If you are to own an oil and gas company this is the one. He thinks management will provide some positive drilling results in the near future. Yield 0% (Analysts’ price target is $30.75)
TOP PICK
TOP PICK
January 20, 2020
It is the first oil play he has ever recommended. They have no debt, 10% free cash flow yield and bought back 10% of their shares with another 10% this year. This is not a call on where oil goes from here. They are profitable down to $30 oil. He is comfortable with their 100% exposure to Colombia. (Analysts’ price target is $30.84)
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It is the first oil play he has ever recommended. They have no debt, 10% free cash flow yield and bought back 10% of their shares with another 10% this year. This is not a call on where oil goes from here. They are profitable down to $30 oil. He is comfortable with their 100% exposure to Colombia. (Analysts’ price target is $30.84)
PAST TOP PICK
PAST TOP PICK
January 9, 2020
(A Top Pick Jan 09/19, Up 40%) Darling, because no assets in western Canada. Lots of free cash flow, no debt. Buying back shares. Great company, quality producer. Still likes it, still buying it.
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(A Top Pick Jan 09/19, Up 40%) Darling, because no assets in western Canada. Lots of free cash flow, no debt. Buying back shares. Great company, quality producer. Still likes it, still buying it.
DON'T BUY
DON'T BUY
December 30, 2019
It is a solid producer with solid partnerships in Colombia. He prefers GTE-T.
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It is a solid producer with solid partnerships in Colombia. He prefers GTE-T.
STRONG BUY
STRONG BUY
November 25, 2019

Loves it. Best place in the E&P space. They've been buying back a ton of stock. Clean balance sheet and cash flow growth. They've seen exploration successes. It's his go-to name in the space. Strong managers have hit all their targets.

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Loves it. Best place in the E&P space. They've been buying back a ton of stock. Clean balance sheet and cash flow growth. They've seen exploration successes. It's his go-to name in the space. Strong managers have hit all their targets.

TOP PICK
TOP PICK
November 15, 2019
They continue to buy back shares. They can grow 5%, buy back 10% of their shares and still have positive cash flow. They are looking to increase their inventory in Colombia. Yield 0% (Analysts’ price target is $30.04)
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They continue to buy back shares. They can grow 5%, buy back 10% of their shares and still have positive cash flow. They are looking to increase their inventory in Colombia. Yield 0% (Analysts’ price target is $30.04)
PAST TOP PICK
PAST TOP PICK
October 30, 2019
(A Top Pick Dec 21/18, Up 22%) A Colombian energy play. It had announced they had bought back 10% of their shares. It does not have any infrastructure constraints like its Canadian peers. It receives Brent pricing for its oil. They have lots of cash which allows them to another share buyback, likely in December. If you want to be in energy, you can't go wrong. It trades at 3 times cash flow.
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(A Top Pick Dec 21/18, Up 22%) A Colombian energy play. It had announced they had bought back 10% of their shares. It does not have any infrastructure constraints like its Canadian peers. It receives Brent pricing for its oil. They have lots of cash which allows them to another share buyback, likely in December. If you want to be in energy, you can't go wrong. It trades at 3 times cash flow.
Showing 1 to 15 of 133 entries

Parex Resources Inc.(PXT-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 5

Stockchase rating for Parex Resources Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Parex Resources Inc.(PXT-T) Frequently Asked Questions

What is Parex Resources Inc. stock symbol?

Parex Resources Inc. is a Canadian stock, trading under the symbol PXT-T on the Toronto Stock Exchange (PXT-CT). It is usually referred to as TSX:PXT or PXT-T

Is Parex Resources Inc. a buy or a sell?

In the last year, 5 stock analysts published opinions about PXT-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Parex Resources Inc..

Is Parex Resources Inc. a good investment or a top pick?

Parex Resources Inc. was recommended as a Top Pick by Brian Madden on 2021-01-07. Read the latest stock experts ratings for Parex Resources Inc..

Why is Parex Resources Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Parex Resources Inc. worth watching?

5 stock analysts on Stockchase covered Parex Resources Inc. In the last year. It is a trending stock that is worth watching.

What is Parex Resources Inc. stock price?

On 2021-01-25, Parex Resources Inc. (PXT-T) stock closed at a price of $20.68.