PXT:TSX-Parex Resources Inc (CAD)

COMMON STOCK | Oil & Gas E&P | TSX

Last Closing Price

CAD 18.06

Change

-0.23 (-1.26)%

Market Cap

CAD 2.00B

Volume

0.99M

Avg Analyst Target

CAD 31.24 (+72.97%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict


PXT Stock Forecast & Price:
Based on the Parex Resources Inc stock forecasts from 6 analysts, the average analyst target price for Parex Resources Inc is CAD 31.24 over the next 12 months. Parex Resources Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Parex Resources Inc is Slightly Bullish , which is based on 7 positive signals and 4 negative signals. At the last closing, Parex Resources Inc’s stock price was CAD 18.06. Parex Resources Inc’s stock price has changed by -6.23% over the past week, -12.24% over the past month and -18.72% over the last year.

About Parex Resources Inc (PXT:CA:TSX)

Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 6,521,632 gross acres. As of December 31, 2021, it had proved plus probable ...Read More

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-12-07 )

Largest Industry Peers for Oil & Gas E&P

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
CNQ:CA Canadian Natural Resources Ltd

-0.56 (-0.74%)

CAD85.39B 7.31 4.57
CNU:CA CNOOC Limited

N/A

CAD58.77B 5.65 0.75
TOU:CA Tourmaline Oil Corp.

-0.32 (-0.43%)

CAD25.16B 4.57 3.34
OVV:CA Ovintiv Inc

-0.86 (-1.25%)

CAD18.56B 3.96 4.67
ARX:CA ARC Resources Ltd.

-0.12 (-0.67%)

CAD11.40B 5.27 3.40
WCP:CA Whitecap Resources Inc.

-0.32 (-3.19%)

CAD6.12B 4.01 3.00
CPG:CA Crescent Point Energy Corp.

-0.17 (-1.81%)

CAD5.44B 2.59 1.81
MEG:CA MEG Energy Corp

-0.21 (-1.18%)

CAD5.32B 5.93 4.01
ERF:CA Enerplus Corporation

-0.21 (-0.92%)

CAD5.14B 5.41 4.53
PSK:CA PrairieSky Royalty Ltd

+0.44 (+2.13%)

CAD5.09B 17.20 10.29

ETFs Containing PXT:CA

Symbol Name Weight Mer Price(Change) Market Cap
XEG:CA iShares S&P/TSX Capped En.. 0.00 % 0.61 %

-0.09 (-0.58%)

CAD2.25B
ZJO:CA BMO Junior Oil Index ETF 0.00 % 0.55 %

N/A

CAD7.14M
CMCE:CA CIBC Multifactor Canadian.. 0.00 % 0.30 %

N/A

CAD0.24B

Market Performance

  Market Performance vs.
Industry/Classification (Oil & Gas E&P)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -16.43% 10% F 39% F
Dividend Return 2.96% 32% F 62% D-
Total Return -13.47% 10% F 43% F
Trailing 12 Months  
Capital Gain -16.93% 8% F 36% F
Dividend Return 3.52% 26% F 65% D
Total Return -13.41% 10% F 40% F
Trailing 5 Years  
Capital Gain 11.14% 45% F 58% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 11.14% 43% F 49% F
Average Annual (5 Year Horizon)  
Capital Gain 7.30% 13% F 66% D
Dividend Return 0.23% 5% F 5% F
Total Return 7.53% 13% F 61% D-
Risk Return Profile  
Volatility (Standard Deviation) 28.46% 98% A+ 33% F
Risk Adjusted Return 26.47% 21% F 52% F
Market Capitalization 2.00B 63% D 78% C+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Oil & Gas E&P)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 3.54 71% C- 86% B
Price/Book Ratio 1.04 69% D+ 60% D-
Price / Cash Flow Ratio 3.73 80% B- 57% F
EV/EBITDA 1.74 91% A- 67% D+
Management Effectiveness  
Return on Equity 32.22% 46% F 93% A
Return on Invested Capital 22.76% 61% D- 91% A-
Return on Assets 25.61% 94% A 99% A+
Debt to Equity Ratio N/A N/A N/A N/A N/A
Technical Ratios  
Dividend Yield 5.28% 59% F 70% C-
Short Ratio 5.87 24% F 28% F
Short Percent 1.90% 33% F 33% F
Beta 1.85 81% B- 12% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.