Parex Resources Inc. (PXT) To Go Ex-Dividend on December 8th

Parex Resources Inc. (TSE:PXT) declared a quarterly dividend on Monday, December 8th, TickerTech Dividends reports. Shareholders of record on Monday, December 15th will be paid a dividend of 0.385 per share on Monday, December 15th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, December 8th.

Parex Resources Stock Performance

Shares of PXT stock opened at C$19.17 on Friday. The firm’s 50 day moving average price is C$18.39 and its 200-day moving average price is C$16.60. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.45 and a current ratio of 1.18. Parex Resources has a one year low of C$10.30 and a one year high of C$19.81. The firm has a market cap of C$1.87 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.21 and a beta of 0.61.

Parex Resources (TSE:PXT) last posted its earnings results on Tuesday, November 4th. The company reported C$0.52 earnings per share for the quarter. The firm had revenue of C$311.63 million during the quarter. Parex Resources had a net margin of 19.08% and a return on equity of 13.52%.

About Parex Resources

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company’s properties are focused in Colombia, where it pays a royalty or tax to the government for its operations.