DON'T BUY
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

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BUY
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
BUY
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
BUY
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
PAST TOP PICK
(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
BUY
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
BUY
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
BUY
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
TOP PICK
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
PAST TOP PICK
(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
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Recent results looks fine. Buybacks continue and cash levels look okay. Largely inline with estimates. Momentum is solid and the stock has hit a new high. The Columbian election is a bit of a risk but it is most likely priced in with the low valuation of the stock. Unlock Premium - Try 5i Free

oil / gas
PAST TOP PICK
(A Top Pick Jan 07/21, Up 22%) More in the tank. Distinct because all assets are in Colombia. Production has grown considerably. Cashflow has grown more than production. Hyper-focused on profitability. Debt free. 100's of million of cash on the balance sheet. Buys back shares. Enacted a dividend. Great management, valuation, and entry point.
oil / gas
DON'T BUY
Thinks the CEO is not doing a great job. A value trap. Have owned it in the past, but has moved one. Better alternatives out there.
oil / gas
TOP PICK
Production in Colombia, listed in Canada. Mid-sized. Production has grown 58% over 5 years. Cashflow has grown 360+%. High margins and high quality assets. No debt. Cash on books. Retiring shares. Special dividend. Great management. Undervalued. Yield is 2.45%. (Analysts’ price target is $34.85)
oil / gas
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. One of their favourites in the sector. No debt and lots of cash. The stock is up 66% in the past year. A safer oil stock. The company continues to make the right moves. Dividend has started this year and they are buying back shares. Unlock Premium - Try 5i Free

oil / gas
Showing 1 to 15 of 157 entries

Parex Resources Inc.(PXT-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 10

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 12

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, 12 stock analysts published opinions about PXT-T. 10 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?

12 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 2022-12-02, Parex Resources Inc. (PXT-T) stock closed at a price of $18.94.