Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. More Details
Flawless balance sheet and undervalued.
Share Price & News
How has Parex Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PXT's share price has been volatile over the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: PXT exceeded the Canadian Oil and Gas industry which returned -33.7% over the past year.
Return vs Market: PXT underperformed the Canadian Market which returned -7.7% over the past year.
Price Volatility Vs. Market
How volatile is Parex Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDeclining Stock and Solid Fundamentals: Is The Market Wrong About Parex Resources Inc. (TSE:PXT)?
3 weeks ago | Simply Wall StIf You Had Bought Parex Resources (TSE:PXT) Stock Five Years Ago, You Could Pocket A 100% Gain Today
5 months ago | Simply Wall StThose Who Purchased Parex Resources (TSE:PXT) Shares Five Years Ago Have A 50% Loss To Show For It
Is Parex Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PXT (CA$14.82) is trading below our estimate of fair value (CA$52.54)
Significantly Below Fair Value: PXT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PXT is good value based on its PE Ratio (9.9x) compared to the CA Oil and Gas industry average (17.1x).
PE vs Market: PXT is good value based on its PE Ratio (9.9x) compared to the Canadian market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: PXT is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: PXT is overvalued based on its PB Ratio (1.1x) compared to the CA Oil and Gas industry average (0.8x).
How is Parex Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PXT's forecast earnings growth (37.1% per year) is above the savings rate (1.7%).
Earnings vs Market: PXT's earnings (37.1% per year) are forecast to grow faster than the Canadian market (23.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PXT's revenue (17% per year) is forecast to grow faster than the Canadian market (5.6% per year).
High Growth Revenue: PXT's revenue (17% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PXT's Return on Equity is forecast to be low in 3 years time (12%).
How has Parex Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PXT has high quality earnings.
Growing Profit Margin: PXT's current net profit margins (21.6%) are lower than last year (35.1%).
Past Earnings Growth Analysis
Earnings Trend: PXT has become profitable over the past 5 years, growing earnings by 57.2% per year.
Accelerating Growth: PXT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PXT had negative earnings growth (-50.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (-50.9%).
Return on Equity
High ROE: PXT's Return on Equity (11.8%) is considered low.
How is Parex Resources's financial position?
Financial Position Analysis
Short Term Liabilities: PXT's short term assets ($434.4M) exceed its short term liabilities ($95.1M).
Long Term Liabilities: PXT's short term assets ($434.4M) exceed its long term liabilities ($79.3M).
Debt to Equity History and Analysis
Debt Level: PXT is debt free.
Reducing Debt: PXT had no debt 5 years ago.
Debt Coverage: PXT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PXT has no debt, therefore coverage of interest payments is not a concern.
What is Parex Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PXT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PXT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PXT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PXT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PXT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Taylor (64 yo)
Mr. David R. Taylor, also known as Dave, has been the President of Parex Resources Inc. since November 5, 2015 and as its Chief Executive Officer since May 11, 2017. Mr. Taylor served as Executive Vice Pre ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD1.57M) is about average for companies of similar size in the Canadian market ($USD2.04M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
|CFO & Corporate Secretary||11yrs||US$1.70m||0.24% |
|Chief Operating Officer||2.58yrs||US$1.53m||0.11% |
|Senior Vice President of Exploration & Business Development||no data||US$1.32m||0.078% |
|President & Country Manager of Parex Resources Colombia||3.17yrs||US$1.65m||0.13% |
|Senior Vice President of Capital Markets & Corporate Planning||1.58yrs||no data||0.047% |
|Vice President||no data||no data||0.0048% |
|Controller||no data||no data||no data|
Experienced Management: PXT's management team is considered experienced (3.2 years average tenure).
|Independent Director||5.33yrs||US$201.46k||0.0032% |
|Lead Independent Director||3.33yrs||US$219.85k||0.051% |
|Chairman of the Board||3.33yrs||US$259.95k||1.14% |
|Independent Director||3.92yrs||US$191.96k||0.0041% |
|Independent Director||11yrs||US$195.09k||0.026% |
|Independent Director||3.92yrs||US$201.46k||0.023% |
|Independent Director||0.33yr||no data||no data|
|Independent Director||3.17yrs||US$177.96k||0.0024% |
Experienced Board: PXT's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PXT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Parex Resources Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Parex Resources Inc.
- Ticker: PXT
- Exchange: TSX
- Founded: 2009
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$2.049b
- Shares outstanding: 138.29m
- Website: https://www.parexresources.com
Number of Employees
- Parex Resources Inc.
- West Tower
- 2700 Eighth Avenue Place
- T2P 1G1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PXT||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Nov 2009|
|QPX||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 2009|
|PARX.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Nov 2009|
Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/22 06:04|
|End of Day Share Price||2020/09/21 00:00|
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 here.