Streetbeat News

PARXF

Parex Resources Inc

https://parexresources.com

CEO

David Taylor

Industry

Crude Petroleum and Natural Gas Extraction

Open

9.12

Mkt cap

923M

Volume

15K

High

9.46

P/E Ratio

15.70

52-wk high

18.15

Low

9.12

Div yield

0.11

52-wk low

8.43

Parex Resources has faced challenges with slower volume growth and productivity decline but has managed to stabilize production by focusing on lower-risk projects. The company maintains a strong balance sheet with minimal debt and significant cash reserves, offering an 11% dividend yield and substantial share buybacks.

Portfolio Pulse from

March 13, 2025 | 4:30 am

Parex Resources Inc. (PARXF) held its Q4 2024 earnings conference call, discussing financial results and company operations.

Portfolio Pulse from

March 07, 2025 | 12:15 pm

Parex Resources has expanded its joint venture with Ecopetrol, despite abandoning the Arantes exploration well due to technical issues. The company projects its 2025 production to average around 45,000 BOED.

Portfolio Pulse from

February 10, 2025 | 2:00 am

Parex experienced a setback in its upstream operations, resulting in reduced capital spending. However, the company is leveraging its minimal debt advantage by redirecting extra cash towards share repurchases.

Portfolio Pulse from

November 17, 2024 | 1:15 pm

Parex Resources Inc. (OTCPK:PARXF) held its Q3 2024 earnings conference call on November 6, 2024. Key participants included company executives and analysts from BMO Capital Markets, Jefferies, Haywood Securities, and Scotiabank.

Portfolio Pulse from

November 06, 2024 | 8:45 pm

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