Parex Resources Inc. (TSE:PXT – Get Free Report) declared a quarterly dividend on Tuesday, March 11th, TickerTech Dividends reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.385 per share on Tuesday, March 18th. This represents a $1.54 annualized dividend and a yield of 12.00%. The ex-dividend date is Tuesday, March 11th.
Parex Resources Trading Up 1.6 %
PXT opened at C$12.83 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.18 and a debt-to-equity ratio of 1.81. The company has a market capitalization of C$900.08 million, a P/E ratio of 3.51, a PEG ratio of 0.21 and a beta of 1.43. Parex Resources has a 52 week low of C$11.33 and a 52 week high of C$24.88. The stock’s fifty day moving average is C$14.26 and its two-hundred day moving average is C$13.92.
Insiders Place Their Bets
In other news, Director Sigmund Cornelius bought 5,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of C$12.61 per share, for a total transaction of C$63,063.00. Corporate insiders own 1.64% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on PXT
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.
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