Insider Selling: Parex Resources Inc. (PXT) Director Sells 22,285 Shares of Stock

Parex Resources Inc. (TSE:PXT) Director Curtis Darrell Bartlett sold 22,285 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of C$19.08, for a total transaction of C$425,197.80.

Curtis Darrell Bartlett also recently made the following trade(s):

  • On Tuesday, March 27th, Curtis Darrell Bartlett sold 38,700 shares of Parex Resources stock. The shares were sold at an average price of C$18.60, for a total transaction of C$719,820.00.

Shares of PXT opened at C$19.45 on Thursday. Parex Resources Inc. has a 1-year low of C$12.19 and a 1-year high of C$19.86.



Parex Resources (TSE:PXT) last announced its earnings results on Monday, March 5th. The company reported C$0.44 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.04. Parex Resources had a net margin of 30.38% and a return on equity of 26.07%. The business had revenue of C$203.93 million for the quarter, compared to the consensus estimate of C$250.52 million.

A number of equities research analysts recently weighed in on PXT shares. Canaccord Genuity raised their target price on shares of Parex Resources from C$22.00 to C$24.00 in a research note on Friday, February 9th. Scotiabank set a C$27.00 target price on shares of Parex Resources and gave the company a “focus stock” rating in a research note on Thursday, January 11th. Finally, CIBC raised their target price on shares of Parex Resources from C$22.50 to C$25.00 in a research note on Tuesday, January 23rd.

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Parex Resources Company Profile

Parex Resources, Inc is a Canada-based oil and gas company. The Company is engaged in crude oil exploration, development and production in Colombia. The Company’s segments include Canada and Colombia. The Company, through its foreign subsidiaries, holds interests in onshore exploration and production blocks totaling approximately 1,870,120 gross acres.

Insider Buying and Selling by Quarter for Parex Resources (TSE:PXT)

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