Parex Resources Inc (TSE:PXT) Director Sells C$992,160.00 in Stock

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Parex Resources Inc (TSE:PXT) Director Curtis Darrell Bartlett sold 46,800 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$21.20, for a total transaction of C$992,160.00. Following the completion of the transaction, the director now directly owns 400,000 shares in the company, valued at approximately C$8,480,000.

Curtis Darrell Bartlett also recently made the following trade(s):

  • On Thursday, August 22nd, Curtis Darrell Bartlett sold 53,200 shares of Parex Resources stock. The shares were sold at an average price of C$21.05, for a total value of C$1,119,860.00.
  • On Friday, August 9th, Curtis Darrell Bartlett sold 145,000 shares of Parex Resources stock. The shares were sold at an average price of C$21.11, for a total value of C$3,060,950.00.
  • On Wednesday, July 17th, Curtis Darrell Bartlett sold 55,000 shares of Parex Resources stock. The stock was sold at an average price of C$21.54, for a total value of C$1,184,700.00.
  • On Monday, July 15th, Curtis Darrell Bartlett sold 100,000 shares of Parex Resources stock. The stock was sold at an average price of C$21.61, for a total value of C$2,161,000.00.
  • On Wednesday, July 10th, Curtis Darrell Bartlett sold 100,000 shares of Parex Resources stock. The stock was sold at an average price of C$21.52, for a total value of C$2,152,000.00.

Parex Resources stock opened at C$20.89 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.15 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of C$20.75 and a two-hundred day moving average price of C$21.17. The firm has a market capitalization of $3.09 billion and a price-to-earnings ratio of 9.98. Parex Resources Inc has a 52-week low of C$13.62 and a 52-week high of C$23.51.

Parex Resources (TSE:PXT) last posted its earnings results on Thursday, August 1st. The company reported C$0.90 EPS for the quarter. The firm had revenue of C$403.65 million during the quarter. Research analysts expect that Parex Resources Inc will post 2.5299998 earnings per share for the current year.

PXT has been the subject of a number of analyst reports. National Bank Financial restated an “outperform” rating and set a C$32.00 price objective on shares of Parex Resources in a research report on Friday, July 26th. Royal Bank of Canada dropped their target price on Parex Resources from C$26.00 to C$24.00 in a research report on Tuesday, July 30th. Eight Capital raised their target price on Parex Resources from C$34.00 to C$34.50 in a research note on Tuesday, June 11th. Finally, Cormark boosted their price target on shares of Parex Resources from C$32.50 to C$35.00 in a report on Tuesday, July 9th.

About Parex Resources

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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