Parex Resources Inc.

Equities

PXT

CA69946Q1046

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-23 pm EDT			5-day change	1st Jan Change
22.29 ^CAD	-1.50%		-3.71%	-10.66%

May. 09	Transcript : Parex Resources Inc. - Shareholder/Analyst Call
May. 09	Transcript : Parex Resources Inc., Q1 2024 Earnings Call, May 09, 2024

Parex Resources Inc. Approves Second Quarter 2024 Regular Dividend, Payable on June 17, 2024

May 08, 2024 at 05:00 pm EDT

Parex Resources Inc. announced that its Board of Directors have approved a Second Quarter 2024 regular dividend of CAD 0.385 per share to be paid on June 17, 2024, to shareholders of record on June 10, 2024, representing a CAD 0.04 per share increase on an annualized basis. The Company first initiated a regular quarterly dividend at CAD 0.125 per share in 2021.

Latest news about Parex Resources Inc.

Transcript : Parex Resources Inc. - Shareholder/Analyst Call	May. 09
Transcript : Parex Resources Inc., Q1 2024 Earnings Call, May 09, 2024	May. 09
Parex Resources Inc. Approves Second Quarter 2024 Regular Dividend, Payable on June 17, 2024	May. 08	CI
Parex Resources Inc. Provides Production Guidance for the Second Quarter-To-Date 2024 and Re-Confirms Production Guidance for the Full Year 2024	May. 08	CI
Parex Resources Inc. Reports Production Results for the First Quarter Ended March 31, 2024	May. 08	CI
Parex Resources Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 08	CI
Transcript : Parex Resources Inc. - Special Call	Apr. 23
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

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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

2024-06-09 - Ex-dividend day

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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

22.63 CAD

Average target price

30.4 CAD

Spread / Average Target

+34.31%

Consensus

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Sector Oil Exploration & Production - Onshore

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Oil Exploration & Production - Onshore