Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last C$8.13 CAD
Change Today -0.10 / -1.22%
Volume 464.6K
PXT On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:00 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

parex resources inc (PXT) Snapshot

Open
C$8.16
Previous Close
C$8.23
Day High
C$8.21
Day Low
C$7.90
52 Week High
07/25/14 - C$15.49
52 Week Low
01/13/15 - C$5.97
Market Cap
1.1B
Average Volume 10 Days
540.5K
EPS TTM
C$0.38
Shares Outstanding
134.7M
EX-Date
--
P/E TM
17.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for PAREX RESOURCES INC (PXT)

Related News

No related news articles were found.

parex resources inc (PXT) Related Businessweek News

No Related Businessweek News Found

parex resources inc (PXT) Details

Parex Resources Inc., together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas in South America. It holds interests in onshore exploration and production blocks totaling approximately 2,616,897 gross acres in Colombia. As of December 31, 2014, the company had proved plus probable reserves of 68.4 million barrels of oil equivalent. Parex Resources Inc. was incorporated in 2009 and is headquartered in Calgary, Canada.

278 Employees
Last Reported Date: 03/10/15
Founded in 2009

parex resources inc (PXT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$345.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$270.0K
Chief Operating Officer
Total Annual Compensation: C$310.0K
President of Parex Colombia
Total Annual Compensation: C$266.5K
Executive Vice President of Exploration & Bus...
Total Annual Compensation: C$275.0K
Compensation as of Fiscal Year 2013.

parex resources inc (PXT) Key Developments

Parex Resources Inc. Reports Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2014 and Production Results for the Months of January and February 2015; Provides Capital Expenditure Guidance for the Year 2015

Parex Resources Inc. reported consolidated earnings and production results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net loss of $146.612 million or $1.09 per basic share on net revenue of $53.44 million against net income of $21.869 million or $0.20 per basic share on net revenue of $89.91 million a year ago. Adjusted net loss was $50.996 million or $0.38 per basic share against adjusted net income of $23.201 million or $0.21 per basic share a year ago. Funds flow from continuing operations was $49.759 million or $0.37 per basic share against $76.304 million or $0.70 per basic share a year ago. Capital expenditure was $83.571 million against $58.817 million a year ago. For the year, the company reported net loss of $108.773 million or $0.90 per basic share on net revenue of $76.37 million against net income of $12.672 million or $0.12 per basic share on net revenue of $90.74 million a year ago. Adjusted net income was $10.550 million or $0.09 per basic share against $11.786 million or $0.11 per basic share a year ago. Funds flow from continuing operations was $293.853 million or $2.44 per basic share against $271.670 million or $2.51 per basic share a year ago. Funds flow has increased from the prior year due to production growth from exploration and appraisal success; Primarily due to the decrease of world oil prices late in 2014 a net loss of $108.8 million for the year ended December 31, 2014 was recorded. Capital expenditure was $296.876 million against $233.872 million a year ago. Net debt, defined as total debt less working capital surplus, was $31.7 million at period end, compared to a net debt of $70.2 million in 2013. For the quarter, the company's average daily production of oil was 26,544 bbl/d against 17,287 bbl/d a year ago. For the year, the company's average daily production of oil was 22,526 bbl/d against 15,854 bbl/d a year ago. For the months of January and February 2015, the company's production has averaged approximately 26,550 bopd, in line with previous guidance. For the year 2015, the company expects to invest $145 million - $155 million which provides year over year production growth of 18% fully funded by funds flow from operations. The company has a budgeted maintenance capital investment of $70-$75 million targeted at development and facility enhancement projects, which is expected to result in average production volumes of 26,500 bopd, which is flat with fourth quarter of 2014 average production volumes. Further, the company will invest $75 million - $80 million on drilling up to 8 exploration wells in 2015.

Parex Resources Inc. Announces the Results of Its Annual Independent Reserves Assessment for the Year Ended December 31, 2014

Parex Resources Inc. announced the results of its annual independent reserves assessment for the year ended December 31, 2014. Proved plus probable reserves growth of 114% from December 31, 2013, increasing from 32.0 million barrels of oil equivalent ("MMboe") (net company working interest) at December 31, 2013 to 68.4 MMboe (net company working interest) at December 31, 2014. Achieved 2P reserve replacement of 540%, with total 2014 reserve additions of 44.7 MMboe (97% oil). Proved plus probable after tax net present value discounted at 10% of approximately $1.1 billion (CAD 1.4 billion at current spot exchange rate) at December 31, 2014 compared to $832 million at December 31, 2013. Gross undeveloped drilling locations of 43, 62 and 86 wells in the proved ("1P"), proved plus probable ("2P") and proved plus probable plus possible ("3P") cases respectively; 2P reserve life index ("RLI") increased from 5.1 years to 7.1 years and requires $361 million of future development capital. Underpinned by strong reserves growth and superior capital efficiencies, Parex achieved 2P F&D of $10.94/boe and 2P FD&A of $13.82/boe. The 2014 2P FD&A cash netback recycle ratio was 2.6 times using the 2014 average cash netback.

Parex Resources Inc. to Report Q4, 2014 Results on Mar 10, 2015

Parex Resources Inc. announced that they will report Q4, 2014 results After-Market on Mar 10, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PXT:CN C$8.13 CAD -0.10

PXT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for PXT.
View Industry Companies
 

Industry Analysis

PXT

Industry Average

Valuation PXT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 1.3x
Price/Cash Flow 5.6x
TEV/Sales 1.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PAREX RESOURCES INC, please visit www.parexresources.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.