Parex Resources Inc.

Equities

PXT

CA69946Q1046

Oil & Gas Exploration and Production

Delayed Toronto S.E. Other stock markets 11:09:44 2024-04-19 am EDT			5-day change	1st Jan Change
23.82 ^CAD	+0.89%		+1.41%	-4.57%

Apr. 11	Parex Resources, Ecopetrol Consolidate Position In Colombia's Llanos Foothills Trend	MT
Apr. 11	Parex Resources Brief: Parex and Ecopetrol Enter into Definitive Agreements to Explore Colombia's High-Potential Llanos Foothills Trend	MT

Parex Resources Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022

August 03, 2022 at 04:56 pm EDT

Parex Resources Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 345.03 million compared to USD 211.59 million a year ago. Net income was USD 143.13 million compared to USD 91.66 million a year ago. Basic earnings per share from continuing operations was USD 1.24 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 1.24 compared to USD 0.72 a year ago.
For the six months, revenue was USD 675.5 million compared to USD 408.08 million a year ago. Net income was USD 295.78 million compared to USD 139.12 million a year ago. Basic earnings per share from continuing operations was USD 2.53 compared to USD 1.08 a year ago. Diluted earnings per share from continuing operations was USD 2.53 compared to USD 1.08 a year ago.

Latest news about Parex Resources Inc.

Parex Resources, Ecopetrol Consolidate Position In Colombia's Llanos Foothills Trend	Apr. 11	MT
Parex Resources Brief: Parex and Ecopetrol Enter into Definitive Agreements to Explore Colombia's High-Potential Llanos Foothills Trend	Apr. 11	MT
Parex Resources Inc. and Ecopetrol S.A. Enter into Definitive Agreements to Explore Colombia?S High-Potential Llanos Foothills Trend	Apr. 11	CI
RBC Capital Markets Says Parex Resources' Q4 2023 Results Overshadowed By Reserves Impairments	Mar. 04	MT
Parex Resources Down Near 5% As Posts Lower Q4'23 Net Income YOY, Resumes Northern Llanos Operations, Declares Q1 Dividend	Mar. 01	MT
Transcript : Parex Resources Inc., Q4 2023 Earnings Call, Mar 01, 2024	Mar. 01
Parex Resources Posts Lower Q4'23 Net Income YOY, Resumes Northern Llanos Operations, Declares Q1 Dividend	Mar. 01	MT
Parex Resources Inc. Provides Production Guidance for the Fiscal Year 2024	Feb. 29	CI
Parex Resources Inc. Approves First Quarter 2024 Regular Dividend, Payable on March 28, 2024	Feb. 29	CI
Parex Resources Inc. Announces Resumption of Northern Llanos Operations	Feb. 29	CI
Parex Resources Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
RBC Capital Markets Notes Parex's Shut-In Of Northern Llanos Operation	Feb. 20	MT
Parex Resources Provides Update On Northern Llanos Operations	Feb. 13	MT
RBC Capital Markets Details Q4 2023 Earnings Preview For Canadian Exploration And Production Companies	Jan. 22	MT
Parex Resources Secures TSX Approval for Normal Course Issuer Bid, Enters Automatic Share Purchase Plan; Up Over 1%	Jan. 17	MT
Parex Resources Maintained at Buy at Stifel FirstEnergy Following 2024 Guidance; Price Target Cut to C$32.75	Jan. 17	MT
North American Morning Briefing : Central Bankers Push Back Against Rate Cuts	Jan. 17	DJ
Parex Resources Secures TSX Approval for Normal Course Issuer Bid, Enters Automatic Share Purchase Plan; Fell Near 16% to Near 52 Week Lows on Tuesday	Jan. 17	MT
Toronto Stocks Slide as Canadian CPI Accelerates; Barrick Gold Shares Down on 4Q Miss	Jan. 16	DJ
Parex Resources Drops 13% As Posts Record Full-Year, Q4'23 Production, Unveils 2024 Guidance	Jan. 16	MT
Parex Resources Posts Record Full-Year, Q4'23 Production, Unveils 2024 Guidance	Jan. 16	MT
Parex Resources Inc. Provides Production Guidance for Year 2024 and Three-Year Outlook for 2024 Through 2026	Jan. 15	CI
Parex Resources Inc. Reports Audited Consolidated Production Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 15	CI
Tranche Update on Parex Resources Inc.'s Equity Buyback Plan announced on December 30, 2022.	Jan. 15	CI
Parex Resources Inc. authorizes a Buyback Plan.	Jan. 15	CI

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Company Profile

Parex Resources Inc. is a Canada-based independent oil and gas company in Colombia, focusing on sustainable, conventional production. The company is engaged in the business of the exploration, development, production and marketing of oil and natural gas in Colombia. The Company is focused on development in two main basins: Llanos and Magdalena. All of the Company's oil production and 87% of the oil, natural gas and natural gas liquids (NGL) proved plus probable reserves are located in the Llanos Basin of Colombia with the remaining oil reserves and production located in the Magdalena Basin of Colombia.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-07 - Q1 2024 Earnings Release (Projected)

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Ratings for Parex Resources Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

23.61 CAD

Average target price

30.4 CAD

Spread / Average Target

+28.74%

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Sector Oil Exploration & Production - Onshore

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Oil Exploration & Production - Onshore