Home Daily Stock Opinions and Ratings Parex Resources Inc. (PXT-T)

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Parex Resources Inc. (PXT-T)

246 watching

TSE:PXT

23.76
0.69 (2.99%) 1d
Mar 17, 2023, 8:00 pm
0
DON'T BUY

Parex Resources Inc.(PXT-T)

24/02/2023
Parex Resources Inc.

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
Eric Nuttall
$22.990
No
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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

Parex Resources Inc.(PXT-T)

21/02/2023
Parex Resources Inc.
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
The Panic-Proof Portfolio (Stockchase Research)
$23.450
Unknown
UnlockRating
PAST TOP PICK

Parex Resources Inc.(PXT-T)

21/02/2023
Parex Resources Inc.
(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
Brian Madden
$23.450
Owned
UnlockRating
BUY

Parex Resources Inc.(PXT-T)

20/01/2023
Parex Resources Inc.
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
Brian Madden
$22.770
Owned
UnlockRating
PAST TOP PICK

Parex Resources Inc.(PXT-T)

15/12/2022
Parex Resources Inc.
(A Top Pick Dec 02/21, Down 9%) Not immune to impact of commodity prices. Recently, oil has cooled off, so he's capped oil and gas exposure. Best in class. Nice dividend. Taking itself private. Super cheap. Bit of political risk, nothing it can't handle.
oil / gas
Brian Madden
$18.530
Owned
UnlockRating
DON'T BUY

Parex Resources Inc.(PXT-T)

25/11/2022
Parex Resources Inc.
Too much uncertainty with company. Better names to invest in. Windfall tax in Colombia a big risk. Political situation in Colombia getting worse.
oil / gas
Eric Nuttall
$19.190
No
UnlockRating
BUY

Parex Resources Inc.(PXT-T)

09/11/2022
Parex Resources Inc.
55K barrels of oil a day in Colombia. Political risk, but tax changes would have to be cataclysmic to affect PXT. One of the lowest-cost producers on the TSX. Profitable at sub-$30 oil. Growing production. ROE 36%. Cheap at 2.5x next year's earnings, 3.5x this year's. No debt, lots of cash on balance sheet, buying back stock.
oil / gas
Brian Madden
$19.200
Owned
UnlockRating
BUY

Parex Resources Inc.(PXT-T)

04/10/2022
Parex Resources Inc.
Based on Calgary, but all production comes out of Colombia. Their government is changing, is more leftist, so there are concerns over land leases and drilling rights for foreign oil companies. Parex is cash-flow strong and produces over 50,000 barrels a day, and pays more than a 3% dividend. It has bought back 30% of its shares and continues to. Shares should ebb and flow with oil prices. Their wells don't cost a lot of cash. He's owned this for a long time and keeps adding shares.
oil / gas
Brian Madden
$21.660
Owned
UnlockRating
BUY

Parex Resources Inc.(PXT-T)

02/09/2022
Parex Resources Inc.
Good buy if outlook for petroleum is favorable. Favorable track record for exploration in political risky country. Safer names out there, but good buy for risk oriented investors.
oil / gas
Rick Rule
$21.240
Unknown
UnlockRating
PAST TOP PICK

Parex Resources Inc.(PXT-T)

30/08/2022
Parex Resources Inc.
(A Top Pick Aug 11/21, Up 14%) A Scotia analyst just downgraded it, spooked by voting results in Colombia. He isn't spooked. This is one of the lowest-cost producers on the TSX and likes their dividends, share buybacks and growth. Still buying it.
oil / gas
Brian Madden
$21.060
Owned
UnlockRating
BUY

Parex Resources Inc.(PXT-T)

21/07/2022
Parex Resources Inc.
Own through the cycle, regardless of oil price, as they make money at $30 oil. Increasing dividend, special dividend. Buying back shares. Production is up 9-10% YOY. Growth plus income. If oil stays where it is (his view), will outperform TSX; if it goes way higher, it won't.
oil / gas
Brian Madden
$22.000
Owned
UnlockRating
BUY

Parex Resources Inc.(PXT-T)

16/06/2022
Parex Resources Inc.
Very timely. Unique is all production is in Colombia. Growth story, free cashflow machine. New leadership. Buying back shares, production growth of 17%. No debt, 4x earnings. Best in class. Yield around 4%.
oil / gas
Brian Madden
$25.470
Owned
UnlockRating
BUY

Parex Resources Inc.(PXT-T)

04/05/2022
Parex Resources Inc.
Best in class oil producer. Not moving higher because it's a mid-cap name below the radar. Big money goes to the big caps. Highest operating netback margins. Stealth privatization through buybacks, creating value. Patience required.
oil / gas
Brian Madden
$25.860
Owned
UnlockRating
TOP PICK

Parex Resources Inc.(PXT-T)

28/03/2022
Parex Resources Inc.
It is a mid-sized Canadian company with a unique asset base. Produces about 53000 barrels a day all in Columbia. Has one of the highest net backs. It is growing at 12% this year and has grown at a compound rate of 9% over the past 5 years, Management has concentrated on creating shareholder value. It has grown cash flow per share at 365% total over the past 5 years and is buying back shares. It has no debt and has $375 million in cash. It is the one to own and he is still buying. Buy 10, Hold 0, Sell 0. (Analysts’ price target is $38.90)
oil / gas
Brian Madden
$27.490
Owned
UnlockRating
PAST TOP PICK

Parex Resources Inc.(PXT-T)

04/03/2022
Parex Resources Inc.
(A Top Pick Mar 26/21, Up 26%) Exploration focused company. Returning 1/3 of free cash flow back to shareholders. CEO could do better at selling company. Other opportunities that are better to own in Canadian energy,
oil / gas
Eric Nuttall
$28.350
No
UnlockRating
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Parex Resources Inc.(PXT-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 12

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 14

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, 14 stock analysts published opinions about PXT-T. 12 analysts recommended to BUY the stock. 2 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?

14 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 2023-03-17, Parex Resources Inc. (PXT-T) stock closed at a price of $23.76.

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