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Investor Insights

This summary was created by AI, based on 11 opinions in the last 12 months.

Experts are generally positive about Parex Resources Inc., recognizing it as a Canadian success story with profitable operations. The company is focused on maximizing free cash flow, paying dividends, and aggressively buying back shares. Despite concerns about its location in Colombia, experts see strong upside potential due to its low-cost operations and growing production. Overall, the consensus is that Parex Resources Inc. is a financially disciplined company with compelling value.

Consensus
Positive
Valuation
Undervalued
BUY

It is a great Canadian success story but is at a new low due to concern about being in Columbia. However Columbia needs Parex for its technology. Although it didn't hit production levels in the fourth quarter it is adding production and there is a big exploration upside. It is very profitable and is buying back 30% of its shares over the next few years.

oil / gas
BUY ON WEAKNESS

Buy on the dip. Price of crude oil commodity is out of company control, affecting share price. Getting spikey with Red Sea transportation disruption. Low cost, debt free. Returns most capital to shareholders. Share buybacks. Financially disciplined, quality assets. 

oil / gas
HOLD

Doing the right things: modest growth, maximum free cashflow, pays a dividend, aggressively buying back stock. Would be a core holding if it weren't for the jurisdiction. Compelling value, trading below 3x with free cashflow yield 16%. There are better opportunities for capital appreciation.

oil / gas
BUY

OPEC meetings are reactive, not pro-active. With all their data, for instance, they cut production if that data foretells weak demand. So, a cut is not a good thing. That said, he would buy quality oil stocks like Parex and Tourmaline.

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We again reiterate this Canadian based energy producer with core assets in Colombia.  The company projects production to grow to 54-57,000 boed -- with analysts projecting a 25% boost in free cash flow.  It trades at 4x earnings, 1.1x book and supports a 31% ROE.  Cash reserves are growing, while stock is aggressively bought back and debt is reduced.  We continue to recommend a stop at $24, looking to achieve $36 -- upside potential of 33%.  Yield 5.2%

(Analysts’ price target is $36.02)
oil / gas
BUY

Share buybacks total 35-40% in the last 4-5 years. Likes that. 

oil / gas
HOLD

Frustrating. NAV is above $30/share, and shares lag this. Continues to like it though; they are doing the right things by growing cash flow. Margins are tremendous because the costs of producing oil in Colombia is low. Plus, they're getting better routes to market with pipelines. Are exposed to Brent Oil instead of WCS, so prices they get are better. They are buying 10% of outstanding shares each year, a big amount. Happy to hold.

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

Being debt free and the largest independent oil and gas producer in Colombia, we reiterate PXT as a TOP PICK.  The company has demonstrated over 15% annual growth in per-share production and reserves over the past five years.  Cash reserves are growing, while shares are bought back.  It trades at 5x earnings, 1.2x book and supports a 35% ROE.  We continue to recommend a stop-loss at $24, looking to achieve $35 -- upside potential of 30%.  Yield 3.1%

(Analysts’ price target is $34.91)
oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate PXT, the Canadian-based largest independent energy producer in Colombia, as a TOP PICK.  The company is on track to hit 55 Mboed production guidance for the year.  It trades at 6x earnings, 1.3x book value and supports a ROE of 35%.  Cash reserves are growing, while they aggressively buy back shares and retire debt.  We recommend trailing up the stop (from $23) to $24, looking to achieve $35 -- upside potential of 25%.  Yield 3.0%  

(Analysts’ price target is $35.21)
oil / gas
BUY

Low-cost operator in Colombia. Production growing at high-single digit pace. Political unrest behind them. Expects to meet guidance. Cash rich, no debt. Covertly taking the company private. Initiated dividend, special dividend. Cheap at 5x earnings. Likely to outperform in a less than robust commodity environment that we have now.

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

PXT is the largest independent energy producer in Colombia and we reiterate it as a TOP PICK.  Recently reported earnings show per share reserves growing faster than production (both exceed 16% annually over the past five years).  The company targets to return 100% of free cash flows to investors, while it continues to buy back shares.  We recommend trailing up the stop (from $19) to $23, looking to achieve $34 -- upside potential of 25%.  Yield 4.2%

(Analysts’ price target is $33.65)
oil / gas
DON'T BUY

Not a great company to own.
Value trap that has geopolitical risk.
Better names to own in sector.
Very risky buy.
Inventory depth not as great.

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly

This TOP PICK is a Canadian based energy producer in Colombia that has successfully increased reserves for 12 consecutive years and increased production 11% over the year (81% oil vs 19% natural gas).  It announced a 50% increase in dividends and is aggressively buying back shares.  We recommend a stop-loss at $19, looking to achieve $35 — upside potential over 45%.  Yield 2.4% 

(Analysts’ price target is $35.13)
oil / gas
PAST TOP PICK
(A Top Pick Mar 28/22, Down 12%)

A year ago, oil prices spiked sharply because of the Russian war. Also, a leftist government won the Colombia election so there was a fear of higher royalties paid. Still likes Parex: debt-free, pays nearly a 4% dividend and are buying back lots of shares.

oil / gas
BUY
Still owns shares. Best in class producer. Low cost operator with strong financial results. Shares have lagged broad energy index. Does not think political risk a factor.
oil / gas
Showing 1 to 15 of 173 entries

Parex Resources Inc.(PXT-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 7

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, 7 stock analysts published opinions about PXT-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

7 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 2024-03-18, Parex Resources Inc. (PXT-T) stock closed at a price of $21.21.