Parex Resources Inc (TSE:PXT) Senior Officer Wayne Kim Foo sold 33,377 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of C$21.12, for a total value of C$704,878.85. Following the sale, the insider now owns 1,658,740 shares in the company, valued at approximately C$35,030,432.44.

TSE PXT traded up C$0.25 during trading hours on Friday, hitting C$20.43. 401,293 shares of the company were exchanged, compared to its average volume of 699,135. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.48 and a quick ratio of 1.22. Parex Resources Inc has a 52-week low of C$13.62 and a 52-week high of C$26.78. The company has a market cap of $2.93 billion and a price-to-earnings ratio of 7.95.

Parex Resources (TSE:PXT) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.70 earnings per share for the quarter. The company had revenue of C$327.86 million for the quarter. Equities research analysts anticipate that Parex Resources Inc will post 2.6400002 earnings per share for the current fiscal year.

Several brokerages have weighed in on PXT. Cormark upped their price target on Parex Resources from C$30.00 to C$32.50 in a report on Tuesday, April 23rd. Eight Capital upped their price target on Parex Resources from C$34.00 to C$34.50 in a report on Tuesday.

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Parex Resources Company Profile

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 2,037,753 gross acres. As of December 31, 2018, it had proved plus probable reserves of 184.674 million barrels of oil equivalent.

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