Parex Resources (TSE:PXT) Shares Break Above 200 Day Moving Average – Time to Sell?

11 Oct 2026, 14:01 by Mitch Edgeman · The Markets Daily

Parex Resources Inc. (TSE:PXT – Get Free Report) shares passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$25.99 and traded as high as C$28.28. Parex Resources shares last traded at C$27.23, with a volume of 682,741 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank upped their target price on Parex Resources from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$26.62.

View Our Latest Analysis on Parex Resources

Parex Resources Trading Down 3.5%

The stock has a 50-day moving average of C$27.33 and a 200 day moving average of C$25.99. The stock has a market cap of C$2.62 billion, a PE ratio of 4.58, a price-to-earnings-growth ratio of 0.21 and a beta of 0.17. The company has a quick ratio of 1.45, a current ratio of 0.88 and a debt-to-equity ratio of 34.66.

Parex Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were issued a $0.3850 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 5.7%. Parex Resources’s dividend payout ratio (DPR) is 18.57%.

Insiders Place Their Bets

In related news, insider Cam Grainger bought 2,000 shares of the stock in a transaction on Monday, August 24th. The shares were bought at an average cost of C$27.40 per share, for a total transaction of C$54,800.00. Following the purchase, the insider owned 43,584 shares of the company’s stock, valued at C$1,194,201.60. This trade represents a 4.81% increase in their position. 1.64% of the stock is currently owned by company insiders.

Parex Resources Company Profile

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