Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia.
Flawless balance sheet and good value.
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: QPX's share price has been volatile over the past 3 months.
7 Day Return
DE Oil and Gas
1 Year Return
DE Oil and Gas
Return vs Industry: QPX underperformed the German Oil and Gas industry which returned 26% over the past year.
Return vs Market: QPX underperformed the German Market which returned 0.1% 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
No news available
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: QPX (€10.2) is trading below our estimate of fair value (€45.75)
Significantly Below Fair Value: QPX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: QPX is good value based on its PE Ratio (6.9x) compared to the Oil and Gas industry average (7.9x).
PE vs Market: QPX is good value based on its PE Ratio (6.9x) compared to the German market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: QPX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: QPX is overvalued based on its PB Ratio (1.2x) compared to the DE Oil and Gas industry average (1.1x).
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: QPX's earnings are forecast to decline over the next 3 years (-9.4% per year).
Earnings vs Market: QPX's earnings are forecast to decline over the next 3 years (-9.4% per year).
High Growth Earnings: QPX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: QPX's revenue (5.1% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: QPX's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if QPX's Return on Equity is forecast to be high in 3 years time
How has Parex Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QPX has high quality earnings.
Growing Profit Margin: QPX's current net profit margins (26%) are lower than last year (47.2%).
Past Earnings Growth Analysis
Earnings Trend: QPX has become profitable over the past 5 years, growing earnings by 64.4% per year.
Accelerating Growth: QPX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: QPX had negative earnings growth (-41.3%) over the past year, making it difficult to compare to the Oil and Gas industry average (-8.4%).
Return on Equity
High ROE: QPX's Return on Equity (17.9%) is considered low.
How is Parex Resources's financial position?
Financial Position Analysis
Short Term Liabilities: QPX's short term assets ($506.5M) exceed its short term liabilities ($176.1M).
Long Term Liabilities: QPX's short term assets ($506.5M) exceed its long term liabilities ($83.1M).
Debt to Equity History and Analysis
Debt Level: QPX is debt free.
Reducing Debt: QPX has no debt compared to 5 years ago when its debt to equity ratio was 5.9%.
Debt Coverage: QPX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: QPX has no debt, therefore coverage of interest payments is not a concern.
What is Parex Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate QPX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate QPX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if QPX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if QPX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of QPX's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Taylor (63yo)
Mr. David R. Taylor, also known as Dave, has been the President of Parex Resources Inc. since November 5, 2015 and as its Chief Executive Officer since May 11, 2017. Mr. Taylor served as Executive Vice Pre ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD2.00M) is above average for companies of similar size in the German market ($USD1.53M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
|CFO & Corporate Secretary||10.75yrs||US$1.70m||0.24% $3.4m|
|Chief Operating Officer||2.33yrs||US$1.53m||0.12% $1.6m|
|Senior Vice President of Exploration & Business Development||no data||US$1.32m||0.079% $1.1m|
|President & Country Manager of Parex Resources Colombia||2.92yrs||US$1.65m||0.13% $1.8m|
|Senior Vice President of Capital Markets & Corporate Planning||1.33yrs||no data||0.048% $662.7k|
|Vice President||no data||no data||0.0042% $57.9k|
|Controller||no data||no data||no data|
Experienced Management: QPX's management team is considered experienced (2.9 years average tenure).
|Independent Director||5.08yrs||US$201.46k||0.0033% $45.4k|
|Lead Independent Director||3.08yrs||US$219.85k||0.063% $867.8k|
|Chairman of the Board||3.08yrs||US$259.95k||1.17% $16.1m|
|Independent Director||3.67yrs||US$191.96k||0.0042% $58.4k|
|Independent Director||10.75yrs||US$195.09k||0.027% $367.6k|
|Independent Director||3.67yrs||US$201.46k||0.023% $320.0k|
|Independent Director||0.083yr||no data||no data|
|Independent Director||2.92yrs||US$177.96k||0.0024% $33.5k|
Experienced Board: QPX's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: QPX insiders have bought more shares than they have sold 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: QPX
- Exchange: DB
- Founded: 2009
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$2.098b
- Listing Market Cap: CA$1.384b
- Shares outstanding: 135.56m
- 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 approximately 2.7 million gross acres. As of December 31, 2019, it had proved plus probable reserves of 198.423 million barrels of oil equivalent. The company was incorporated in 2009 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/01 23:26|
|End of Day Share Price||2020/05/29 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.