Parex Resources Inc. (TSE:PXT) Plans $0.39 Quarterly Dividend

Parex Resources Inc. (TSE:PXT) declared a quarterly dividend on Wednesday, March 18th, TickerTech Dividends reports. Investors of record on Wednesday, March 25th will be given a dividend of 0.385 per share on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Wednesday, March 18th.

Parex Resources Stock Up 1.4%

TSE:PXT opened at C$26.08 on Monday. The stock’s fifty day moving average is C$20.78 and its two-hundred day moving average is C$19.11. Parex Resources has a 52 week low of C$10.30 and a 52 week high of C$26.33. The stock has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 0.21 and a beta of 0.63. The company has a quick ratio of 1.45, a current ratio of 1.11 and a debt-to-equity ratio of 2.16.

Parex Resources (TSE:PXT) last released its earnings results on Wednesday, March 4th. The company reported C$0.43 earnings per share for the quarter. Parex Resources had a return on equity of 13.39% and a net margin of 26.85%.The company had revenue of C$223.53 million during the quarter.

Parex Resources Company Profile

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. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts.