Parex Resources Stock Buy Hold or Sell Recommendation
| PXT Stock | CAD 24.23 0.03 0.12% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Parex Resources is 'Hold'. Macroaxis provides Parex Resources buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding PXT positions. The advice algorithm takes into account all of Parex Resources' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Parex Resources' buy or sell advice are summarized below:
Real Value 23.13 | Hype Value 24.2 | Market Value 24.23 | Naive Value 23.87 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Parex Resources given historical horizon and risk tolerance towards Parex Resources. When Macroaxis issues a 'buy' or 'sell' recommendation for Parex Resources, the advice is generated through an automated system that utilizes algorithms and statistical models.
Parex |
Execute Parex Resources Buy or Sell Advice
The Parex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Parex Resources. Macroaxis does not own or have any residual interests in Parex Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Parex Resources' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Parex Resources Trading Alerts and Improvement Suggestions
| About 57.0% of the company shares are owned by institutional investors |
Parex Resources Returns Distribution Density
The distribution of Parex Resources' historical returns is an attempt to chart the uncertainty of Parex Resources' future price movements. The chart of the probability distribution of Parex Resources daily returns describes the distribution of returns around its average expected value. We use Parex Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Parex Resources returns is essential to provide solid investment advice for Parex Resources.
| Mean Return | 0.20 | Value At Risk | -3.17 | Potential Upside | 2.11 | Standard Deviation | 1.71 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Parex Resources historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Parex Resources Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (66.1M) | (66.3M) | 47.8M | 40.7M | (289.7M) | (275.2M) | |
| Free Cash Flow | 216.5M | 173.1M | 322.1M | 453.4M | 26.1M | 24.8M | |
| Capital Expenditures | 148.5M | 116.9M | 212.2M | 530.2M | 350.4M | 185.8M | |
| Net Income | 328.0M | 99.3M | 303.1M | 611.4M | 459.3M | 482.3M | |
| End Period Cash Flow | 396.8M | 330.6M | 378.3M | 419.0M | 143.9M | 211.0M | |
| Other Non Cash Items | 159.3M | 134.9M | 34.7M | 99.3M | 8.5M | 8.1M | |
| Depreciation | 152.1M | 128.4M | 121.4M | 149.4M | 134.4M | 120.0M | |
| Change To Netincome | 89.2M | 73.7M | 122.4M | (145.0M) | (130.5M) | (124.0M) | |
| Investments | (219.0M) | (179.8M) | (229.0M) | (638.1M) | (535.5M) | (508.7M) |
Parex Resources Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Parex Resources or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Parex Resources' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Parex stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.13 | |
β | Beta against NYSE Composite | 0.68 | |
σ | Overall volatility | 1.71 | |
Ir | Information ratio | 0.06 |
Parex Resources Volatility Alert
Parex Resources currently demonstrates below-average downside deviation. It has Information Ratio of 0.06 and Jensen Alpha of 0.13. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Parex Resources' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Parex Resources' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Parex Resources Fundamentals Vs Peers
Comparing Parex Resources' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Parex Resources' direct or indirect competition across all of the common fundamentals between Parex Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as Parex Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Parex Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing Parex Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Parex Resources to competition |
| Fundamentals | Parex Resources | Peer Average |
| Return On Equity | 0.25 | -0.31 |
| Return On Asset | 0.14 | -0.14 |
| Profit Margin | 0.39 % | (1.27) % |
| Operating Margin | 0.35 % | (5.51) % |
| Current Valuation | 2.4 B | 16.62 B |
| Shares Outstanding | 103.31 M | 571.82 M |
| Shares Owned By Insiders | 1.54 % | 10.09 % |
| Shares Owned By Institutions | 56.77 % | 39.21 % |
| Number Of Shares Shorted | 2.17 M | 4.71 M |
| Price To Earning | 21.98 X | 28.72 X |
| Price To Book | 0.91 X | 9.51 X |
| Price To Sales | 2.07 X | 11.42 X |
| Revenue | 1.41 B | 9.43 B |
| Gross Profit | 1.11 B | 27.38 B |
| EBITDA | 797.55 M | 3.9 B |
| Net Income | 459.31 M | 570.98 M |
| Cash And Equivalents | 419 M | 2.7 B |
| Cash Per Share | 3.50 X | 5.01 X |
| Total Debt | 6.08 M | 5.32 B |
| Debt To Equity | 0 % | 48.70 % |
| Current Ratio | 1.81 X | 2.16 X |
| Book Value Per Share | 18.84 X | 1.93 K |
| Cash Flow From Operations | 376.47 M | 971.22 M |
| Short Ratio | 6.37 X | 4.00 X |
| Earnings Per Share | 5.94 X | 3.12 X |
| Price To Earnings To Growth | 1.96 X | 4.89 X |
| Target Price | 31.59 | |
| Number Of Employees | 449 | 18.84 K |
| Beta | 1.59 | -0.15 |
| Market Capitalization | 2.5 B | 19.03 B |
| Total Asset | 2.42 B | 29.47 B |
| Retained Earnings | 1.28 B | 9.33 B |
| Working Capital | 79.03 M | 1.48 B |
Parex Resources Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Parex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Parex Resources Buy or Sell Advice
When is the right time to buy or sell Parex Resources? Buying financial instruments such as Parex Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 47.0M | 201.9M | 232.1M | 243.7M | Total Assets | 1.8B | 2.3B | 2.4B | 1.3B |
Use Investing Ideas to Build Portfolios
In addition to having Parex Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Software Thematic Idea Now
Software
Companies that develop and distribute software and software systems to individuals or business. The Software theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Software Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Parex Resources Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Parex Stock analysis
When running Parex Resources' price analysis, check to measure Parex Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Parex Resources is operating at the current time. Most of Parex Resources' value examination focuses on studying past and present price action to predict the probability of Parex Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parex Resources' price. Additionally, you may evaluate how the addition of Parex Resources to your portfolios can decrease your overall portfolio volatility.
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |