Parex Resources Inc. Declares Quarterly Dividend of $0.39 (TSE:PXT)

Parex Resources Inc. (TSE:PXT) declared a quarterly dividend on Wednesday, March 18th, TickerTech Dividends reports. Investors of record on Wednesday, March 25th will be given a dividend of 0.385 per share on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Wednesday, March 18th.

Parex Resources Stock Performance

Shares of PXT stock opened at C$26.08 on Monday. The business has a fifty day moving average of C$20.78 and a 200 day moving average of C$19.11. Parex Resources has a 1 year low of C$10.30 and a 1 year high of C$26.33. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.11 and a quick ratio of 1.45. The firm has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 0.21 and a beta of 0.63.

Parex Resources (TSE:PXT) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.43 earnings per share for the quarter. Parex Resources had a return on equity of 13.39% and a net margin of 26.85%.The business had revenue of C$223.53 million for the quarter.

Parex Resources Company Profile

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company’s properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts.