Parex Resources Stock Today
| PXT Stock | CAD 24.23 0.03 0.12% |
Performance5 of 100
| Odds Of DistressLess than 9
|
Parex Resources is selling at 24.23 as of the 24th of April 2024; that is 0.12% increase since the beginning of the trading day. The stock's open price was 24.2. Parex Resources has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Parex Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of July 2022 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Energy |
Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia. The company was incorporated in 2009 and is headquartered in Calgary, Canada. PAREX RESOURCES operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. The company has 103.31 M outstanding shares of which 2.17 M shares are at this time shorted by private and institutional investors with about 6.37 days to cover all short positions. More on Parex Resources
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Parex Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Parex Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Parex Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO President | Imad Mohsen | ||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | ||||
Parex Resources' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Parex Resources' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Parex Resources' financial leverage. It provides some insight into what part of Parex Resources' total assets is financed by creditors.
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Parex Resources (PXT) is traded on Toronto Exchange in Canada and employs 449 people. Parex Resources is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.5 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Parex Resources's market, we take the total number of its shares issued and multiply it by Parex Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Parex Resources operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 103.31 M outstanding shares of which 2.17 M shares are at this time shorted by private and institutional investors with about 6.37 days to cover all short positions.
Parex Resources has accumulated about 419 M in cash with 376.47 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.5.
Check Parex Resources Probability Of Bankruptcy
Ownership AllocationParex Resources has a total of 103.31 Million outstanding shares. Over half of Parex Resources' outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Parex Resources. Please watch out for any change in the institutional holdings of Parex Resources as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Parex Ownership Details
Parex Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Parex Resources jumping above the current price in 90 days from now is about 1.14%. The Parex Resources probability density function shows the probability of Parex Resources stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Parex Resources has a beta of 0.6795 indicating as returns on the market go up, Parex Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Parex Resources will be expected to be much smaller as well. Additionally, parex Resources has an alpha of 0.1277, implying that it can generate a 0.13 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Parex Resources to move above the current price in 90 days from now is about 1.14 (This Parex Resources probability density function shows the probability of Parex Stock to fall within a particular range of prices over 90 days) .
Parex Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Parex Resources market risk premium is the additional return an investor will receive from holding Parex Resources long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Parex Resources. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Parex Resources' alpha and beta are two of the key measurements used to evaluate Parex Resources' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.09 | |||
| Semi Deviation | 2.14 | |||
| Standard Deviation | 1.71 | |||
| Variance | 2.94 |
Parex Stock Against Markets
Picking the right benchmark for Parex Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Parex Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Parex Resources is critical whether you are bullish or bearish towards Parex Resources at a given time. Please also check how Parex Resources' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Parex Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Parex Resources Corporate Directors
Parex Resources corporate directors refer to members of a Parex Resources board of directors. The board of directors generally takes responsibility for the Parex Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Parex Resources' board members must vote for the resolution. The Parex Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Bob MacDougall | Director | Profile | |
| Glenn McNamara | Independent Director | Profile | |
| Carmen Sylvain | Independent Director | Profile | |
| Lisa Colnett | Independent Director | Profile |
How to buy Parex Stock?
Before investing in Parex Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Parex Resources. To buy Parex Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Parex Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Parex Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Parex Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Parex Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Parex Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Parex Resources?
The danger of trading Parex Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Parex Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Parex Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Parex Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parex Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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.
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