Parex Resources Inc.

PXT-T

Analysis and Opinions about PXT-T

Signal
Opinion
Expert
Chart
BUY
BUY
May 7, 2021

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

Show full opinionHide full opinion

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
BUY
May 4, 2021
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.
Show full opinionHide full opinion
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.
Brian Madden
Price
$23.110
Owned
Yes
TOP PICK
TOP PICK
March 26, 2021

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)

Show full opinionHide full opinion

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)

Eric Nuttall
Price
$21.980
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 5, 2021
(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.
Show full opinionHide full opinion
(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.
Brian Madden
Price
$23.560
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 26, 2021
(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.
Show full opinionHide full opinion
(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
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)
Show full opinionHide full opinion
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)
Brian Madden
Price
$19.910
Owned
Yes
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.
Show full opinionHide full opinion
(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.
Show full opinionHide full opinion
(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.
Eric Nuttall
Price
$14.450
Owned
No
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.
Show full opinionHide full opinion
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.
Brian Madden
Price
$16.930
Owned
Yes
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)
Show full opinionHide full opinion
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)
Brian Madden
Price
$17.140
Owned
Yes
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.
Show full opinionHide full opinion
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.
Eric Nuttall
Price
$16.290
Owned
No
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.

Show full opinionHide full opinion

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.

Eric Nuttall
Price
$13.260
Owned
_N/A
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)
Show full opinionHide full opinion
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)
Brian Madden
Price
$13.470
Owned
Yes
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)
Show full opinionHide full opinion
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)
Peter Imhof
Price
$21.520
Owned
Yes
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)
Show full opinionHide full opinion
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)
Showing 1 to 15 of 138 entries

Parex Resources Inc.(PXT-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 8

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, 8 stock analysts published opinions about PXT-T. 6 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Stockchase Insights on 2021-05-07. 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?

8 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 2021-05-12, Parex Resources Inc. (PXT-T) stock closed at a price of $20.9.