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Parex Resources Inc.

PXT.TO Stock Analysis

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Dividend Score

Dividend Score ranks stocks based on metrics important to dividend investors, helping you identify companies with a history of consistent dividends and the financial strength

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Dividend Stability

PXT.TO has maintained stable dividend payments over the past 3 years with no cuts over 5%.

Dividend Growth

PXT.TO's dividend payments have increased by 25.231% annually over the last 5 years.

Earnings Growth

PXT.TO's earnings have grown by 6.967% annually over the last 5 years. This strong earnings growth suggests a stable and increasing income stream, supporting the sustainability and potential growth of dividend payouts.

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About Parex Resources Inc.

Oil & Gas Exploration & Production
Energy

Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 6,521,632 gross acres. As of December 31, 2021, it had proved plus probable reserves of 198,825 million barrels of oil equivalent. The company was incorporated in 2009 and is headquartered in Calgary, Canada.

Parex Resources Inc. Key Metrics

Market Cap
$1B
52 Weeks Low
$11.33
52 Weeks High
$28.23
Dividend Yield
12.78%
P/E
2.89x
P/S
0.62x

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    Parex Resources Inc. Dividends

    Dividend Yield
    12.78%
    Payout Ratio
    50.17%
    Dividend Amount Per Share
    $1.13
    Last Ex-Dividend Date
    Sep 09, 2024

    PXT.TO Dividend Safety

    PXT.TO paid out 50.17% of its $459M earnings as dividends over the last 12 months.

    Very Safe

    1. Very Unsafe

    2. Unsafe

    3. Somewhat Safe

    4. Safe

    5. Very Safe

    Dividend Payout Ratio

    PXT.TO's Dividend Payout Ratio of 50.17% is considered safe for the Energy sector, indicating that the company retains enough earnings to support business growth.

    Interest Rate Coverage

    PXT.TO's Interest Coverage Ratio of 352.601 indicates strong financial health with easy coverage of interest expenses.

    Income Quality

    PXT.TO demonstrates poor income quality with a ratio of 0.82. This indicates low-quality earnings and high risk of dividend cuts.

    PXT.TO Dividend Growth

    Parex Resources Inc.(PXT.TO) offers a dividend yield of 12.78% and pays $1.13 in dividends per share. Explore the historical dividend growth of PXT.TO.

    Dividend Stability

    PXT.TO has maintained stable dividend payments over the past 3 years with no cuts over 5%.

    Dividend Growth

    PXT.TO's dividend payments have increased by 25.231% annually over the last 5 years.

    Earnings Growth

    PXT.TO's earnings have grown by 6.967% annually over the last 5 years. This strong earnings growth suggests a stable and increasing income stream, supporting the sustainability and potential growth of dividend payouts.

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    PXT.TO Analyst Forecasts

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    PXT.TO Financials

    PXT.TO Income Statement Key Metrics

    • Revenue(TTM)1.46 B
    • Gross Profit(TTM)683.79 M
    • EBITDA(TTM)803.96 M
    • Net Income(TTM)317.46 M
    • EPS Diluted(TTM)3.0275999999999996

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    PXT.TO earnings and revenue history

    Gross Profit Margin vs Peers

    Profit margin ratio of PXT.TO (0.492) is higher than the average of its peers (0.433).

    Net Profit Margin vs Peers

    Net profit margin ratio of PXT.TO (0.325) is higher than the average of its peers (0.276).

    PXT.TO Return on Equity

    See how efficiently PXT.TO generates profit for it's shareholders.

    23.49%

    10
    0
    100

    1. Poor

    2. Average

    3. Strong

    Return on Equity vs Peers

    Return on Equity ratio of PXT.TO (0.235) is higher than the average of its peers (0.137).

    Return on Equity Growth

    PXT.TO's Return on Equity has shown poor growth over the past 10 years, increasing by only -3.62%.

    PXT.TO Revenue Growth

    See how PXT.TO has grown it's revenue over the past 10 years.

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    Revenue Growth

    PXT.TO's revenue has shown poor growth over the past 10 years, increasing by only 6.52%.