Parex Resources Financials
| PXT Stock | CAD 14.10 0.22 1.54% |
Parex |
Parex Resources Stock Summary
Parex Resources competes with Tourmaline Oil, PrairieSky Royalty, ARC Resources, and MEG Energy. Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia. The company was incorporated in 2009 and is headquartered in Calgary, Canada. PAREX RESOURCES operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 371 people.| Foreign Associate | USA |
Specialization | Energy, Oil & Gas E&P |
| Instrument | Canada Stock View All |
| Exchange | Toronto Exchange |
| ISIN | CA69946Q1046 |
| Business Address | West Tower, Calgary, |
| Sector | Oil, Gas & Consumable Fuels |
| Industry | Energy |
| Benchmark | Dow Jones Industrial |
| Website | www.parexresources.com |
| Phone | 403 265 4800 |
| Currency | CAD - Canadian Dollar |
You should never invest in Parex Resources without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Parex Stock, because this is throwing your money away. Analyzing the key information contained in Parex Resources' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Parex Resources Key Financial Ratios
Parex Resources' financial ratios allow both analysts and investors to convert raw data from Parex Resources' financial statements into concise, actionable information that can be used to evaluate the performance of Parex Resources over time and compare it to other companies across industries.Parex Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Parex Resources's current stock value. Our valuation model uses many indicators to compare Parex Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Parex Resources competition to find correlations between indicators driving Parex Resources's intrinsic value. More Info.Parex Resources is regarded second in return on equity category among its peers. It is considered to be number one stock in return on asset category among its peers reporting about 0.99 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Parex Resources is roughly 1.01 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Parex Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Parex Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Parex Resources Systematic Risk
Parex Resources' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Parex Resources volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Parex Resources correlated with the market. If Beta is less than 0 Parex Resources generally moves in the opposite direction as compared to the market. If Parex Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Parex Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Parex Resources is generally in the same direction as the market. If Beta > 1 Parex Resources moves generally in the same direction as, but more than the movement of the benchmark.
Parex Resources March 1, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Parex Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Parex Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Parex Resources based on widely used predictive technical indicators. In general, we focus on analyzing Parex Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Parex Resources's daily price indicators and compare them against related drivers.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.59 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.95 |
Other Information on Investing in Parex Stock
Parex Resources financial ratios help investors to determine whether Parex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Parex with respect to the benefits of owning Parex Resources security.