Robert John Engbloom Sells 15,000 Shares of Parex Resources Inc (TSE:PXT) Stock

Parex Resources Inc (TSE:PXT) Director Robert John Engbloom sold 15,000 shares of Parex Resources stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$21.19, for a total value of C$317,889.00. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at C$1,801,371.

TSE PXT traded down C$0.08 during trading on Thursday, hitting C$21.44. 676,613 shares of the company’s stock traded hands, compared to its average volume of 678,419. The stock has a market capitalization of $3.13 billion and a PE ratio of 8.21. Parex Resources Inc has a 12-month low of C$13.62 and a 12-month high of C$24.52. The company has a quick ratio of 1.22, a current ratio of 1.48 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is C$20.91.

Parex Resources (TSE:PXT) last posted its quarterly earnings data 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 during the quarter. On average, research analysts expect that Parex Resources Inc will post 2.5900001 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on PXT shares. Eight Capital boosted their target price on shares of Parex Resources from C$34.00 to C$34.50 in a research report on Tuesday, June 11th. Cormark increased their price target on shares of Parex Resources from C$32.50 to C$35.00 in a research 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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