Update shared on04 Aug 2025
Fair value Increased 7.18%The upward revision in Parex Resources' price target is primarily driven by a shift to positive consensus revenue growth forecasts and a higher expected future P/E, resulting in an increased fair value estimate from CA$16.02 to CA$17.00.
What's in the News
- Repurchased 630,000 shares for $6.1 million, completing the buyback announced on January 20, 2025.
- July average production reported at 44,450 boe/d.
- Confirmed 2025 average production guidance of 43,000 to 47,000 boe/d (midpoint 45,000 boe/d).
- Q2 2025 production: Light/Medium crude 10,498 bbl/d (up YoY), heavy crude 31,047 bbl/d (down YoY), total oil & gas production 42,542 boe/d (down from 53,568 boe/d YoY).
- June average production reported at 43,950 boe/d.
Valuation Changes
Summary of Valuation Changes for Parex Resources
- The Consensus Analyst Price Target has risen from CA$16.02 to CA$17.00.
- The Consensus Revenue Growth forecasts for Parex Resources has significantly risen from -2.4% per annum to 0.6% per annum.
- The Future P/E for Parex Resources has significantly risen from 4.60x to 7.05x.
Disclaimer
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