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PARXF News and Press, Parex Resources Inc From 08/03/22

Stock Information

Company Name: Parex Resources Inc
Stock Symbol: PARXF
Market: OTC
Website: parexresources.com

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PARXF - Parex Resources declares CAD 0.25 dividend

Parex Resources ( OTCPK:PARXF ) declares CAD 0.25/share quarterly dividend , in line with previous. Forward yield 4.29% Payable Sept. 30; for shareholders of record Sept. 15; ex-div Sept. 14. See PARXF Dividend Scorecard, Yield Chart, & Dividend Growth. For f...

PARXF - Parex Resources: Risks From The New Colombian Government, But Undervalued

Parex Resources presents itself as the largest oil and gas producer in Colombia. Very recently, there was a change in the government in Colombia. We don’t really know whether the new administration expects changes in the oil and gas taxes or regulations. Parex Resources ann...

PARXF - Parex Resources: Trading At 3X Earnings, The Risk/Reward Ratio Looks Appealing

Parex Resources is a Canadian oil and gas producer with activities in Colombia. The company is ramping up production to end the year with an increase of about 20%. The newly elected president in Colombia has yet to unveil a proposed policy change, and that's holding the stock back...

PARXF - Parex Resources FFO of C$1.73, revenue of C$68.54M

Parex Resources press release (OTCPK:PARXF): Q1 FFO of C$1.73. Revenue of C$68.54M (+46.9% Y/Y). For further details see: Parex Resources FFO of C$1.73, revenue of C$68.54M

PARXF - Parex Resources raises dividend by 37% to C$0.25

Parex Resources (OTCPK:PARXF) declares C$0.25/share quarterly dividend, 37.1% increase from prior dividend of $0.14. Forward yield 4.20% Payable June 30; for shareholders of record June 15; ex-div June 14. For further details see: Parex Resources raises dividend by 37% to C$0.25

PARXF - Parex Resources Stock: Undervalued At 4X Cash Flow

Parex stock is trading at <4X projected 2022 cash flow at current prices. Parex Resources is debt free, funds capex from cash flow, and plans to return 40% of free cash to shareholders. We think Parex is attractive at current prices for growth and income. For further deta...

PARXF - Parex Resources Inc. (PARXF) CEO Imad Mohsen on Q4 2021 Results - Earnings Call Transcript

Parex Resources Inc. (PARXF) Q4 2021 Earnings Conference Call March 02, 2022 11:30 AM ET Company Participants Mike Kruchten - Senior Vice President of Capital Markets & Corporate Planning Imad Mohsen - President & Chief Executive Officer Ken Pinsky - Chief Financial Officer Eric Furla...

PARXF - Parex Resources GAAP EPS of $0.80, revenue of $56.12M; reaffirms FY22 guidance

Parex Resources press release (OTCPK:PARXF): Q4 GAAP EPS of $0.80; FFO of $1.39. Revenue of $56.12M (+66.2% Y/Y). Quarterly oil and natural gas production averaged 49,779 boe/d (96% crude oil and 4% natural gas), an increase of 7% over the fourth quarter of 2020. Production volume of 52,...

PARXF - Parex Resources raises dividend by 12% to CAD 0.14

Parex Resources (OTCPK:PARXF) declares CAD 0.14/share quarterly dividend, 12% increase from prior dividend of CAD 0.13. Forward yield 1.97% Payable March 30; for shareholders of record March 15; ex-div March 14. See PARXF Dividend Scorecard, Yield Chart, & Dividend Growth. For further d...

PARXF - Is Crescent Point Energy a Good Oil and Gas Stock to Add to Your Portfolio?

The shares of Canadian oil and gas producer Crescent Point (CPG) have rallied more than 100% in price over the past year, driven by a favorable oil and gas market environment. Furthermore, Wall Street analysts see a potential upside in the stock. However, with the COVID-19 omicron variant fos...

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