Parex Resources Inc.

TSX:PXT Stock Report

Market Cap: CA$1.1b

Parex Resources Valuation

Is PXT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PXT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CA$70.73
Fair Value
83.5% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: PXT (CA$11.65) is trading below our estimate of fair value (CA$70.73)

Significantly Below Fair Value: PXT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PXT?

Key metric: As PXT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PXT. This is calculated by dividing PXT's market cap by their current earnings.
What is PXT's PE Ratio?
PE Ratio13.6x
EarningsUS$60.68m
Market CapUS$822.98m

Price to Earnings Ratio vs Peers

How does PXT's PE Ratio compare to its peers?

The above table shows the PE ratio for PXT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.9x
KEL Kelt Exploration
25.2xn/aCA$1.1b
CJ Cardinal Energy
9x-47.4%CA$972.4m
FRU Freehold Royalties
12.9xn/aCA$1.9b
AAV Advantage Energy
76.6x48.6%CA$1.6b
PXT Parex Resources
13.6x-3.9%CA$1.1b

Price-To-Earnings vs Peers: PXT is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (30.9x).

Price to Earnings Ratio vs Industry

How does PXT's PE Ratio compare vs other companies in the CA Oil and Gas Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SGQ SouthGobi Resources
1.3xn/aUS$124.34m
ALPS.U Alpine Summit Energy Partners
1xn/aUS$24.02m
KUB.H Carcetti Capital
0.7xn/aUS$5.82m
RZE.H Razor Energy
0.1xn/aUS$3.57m
PXT 13.6xIndustry Avg. 11.6xNo. of Companies9PE0816243240+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PXT is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the Canadian Oil and Gas industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is PXT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PXT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ratio10.1x

Price-To-Earnings vs Fair Ratio: PXT is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (10.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PXT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$11.65
CA$15.27
+31.0%
9.0%CA$17.60CA$14.00n/a6
Apr ’26CA$13.70
CA$16.60
+21.2%
3.8%CA$17.60CA$16.00n/a6
Mar ’26CA$14.10
CA$16.52
+17.2%
5.6%CA$17.60CA$15.00n/a5
Feb ’26CA$13.85
CA$16.60
+19.9%
5.2%CA$17.60CA$15.00n/a6
Jan ’26CA$14.58
CA$16.50
+13.2%
9.9%CA$19.50CA$14.00n/a7
Dec ’25CA$14.97
CA$16.50
+10.2%
9.9%CA$19.50CA$14.00n/a7
Nov ’25CA$12.86
CA$17.50
+36.1%
20.4%CA$25.00CA$13.00n/a7
Oct ’25CA$12.40
CA$17.61
+42.0%
18.9%CA$25.00CA$13.00n/a9
Sep ’25CA$13.53
CA$20.31
+50.1%
22.0%CA$30.00CA$16.00n/a8
Aug ’25CA$18.51
CA$29.19
+57.7%
10.5%CA$33.00CA$23.80n/a8
Jul ’25CA$21.92
CA$30.49
+39.1%
8.1%CA$33.00CA$27.00n/a8
Jun ’25CA$22.37
CA$30.40
+35.9%
7.5%CA$33.00CA$27.00n/a10
May ’25CA$23.67
CA$30.50
+28.8%
7.6%CA$33.00CA$27.00n/a10
Apr ’25CA$21.84
CA$30.20
+38.3%
7.8%CA$33.00CA$27.00CA$13.7010
Mar ’25CA$20.50
CA$31.82
+55.2%
16.5%CA$46.00CA$27.00CA$14.1010
Feb ’25CA$21.99
CA$32.92
+49.7%
14.4%CA$46.00CA$27.20CA$13.8510
Jan ’25CA$24.95
CA$35.87
+43.8%
13.8%CA$46.00CA$28.70CA$14.5810
Dec ’24CA$27.34
CA$35.70
+30.6%
13.3%CA$46.00CA$28.70CA$14.9711
Nov ’24CA$26.69
CA$35.43
+32.7%
14.1%CA$46.00CA$28.70CA$12.8611
Oct ’24CA$25.49
CA$35.55
+39.5%
14.3%CA$46.00CA$28.60CA$12.4011
Sep ’24CA$26.25
CA$35.88
+36.7%
12.5%CA$46.00CA$30.00CA$13.5312
Aug ’24CA$28.90
CA$35.88
+24.1%
12.5%CA$46.00CA$30.00CA$18.5112
Jul ’24CA$26.56
CA$35.09
+32.1%
12.8%CA$46.00CA$29.00CA$21.9211
Jun ’24CA$27.87
CA$35.45
+27.2%
14.4%CA$48.00CA$29.00CA$22.3711
May ’24CA$27.60
CA$35.32
+28.0%
15.5%CA$48.00CA$28.00CA$23.6711
Apr ’24CA$25.14
CA$33.41
+32.9%
18.1%CA$48.00CA$26.00CA$21.8411
AnalystConsensusTarget
Consensus Narrative from 6 Analysts
CA$15.27
Fair Value
23.7% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/19 02:23
End of Day Share Price 2025/04/17 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Parex Resources Inc. is covered by 28 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anthony LintonBarclays
Randy OllenbergerBMO Capital Markets Equity Research
Andres Cardona GómezBTG Pactual