Debt-free Parex Resources recently announced a 50% increase to its quarterly base dividend. Read more to see why PARXF stock is rated a Buy despite the risks.

Parex's financial management has led to a debt-free status, enabling them to accumulate a substantial cash position of $372.4 million, which is spread across Canada, Switzerland, and the USA.

Parex Resources (TSE:PXT) has released an update.Parex Resources reported its third-quarter financial results, highlighting a funds flow of $152 million and an increase in its production guidance ...

In its latest earnings report for the nine months ended September 30, 2024, Parex reported a net income of $129.7 million, a significant decline from the $325.5 million recorded in the same period ...

Parex Resources Inc. has stopped oil operations in Capachos, Arauca department, Colombia, due to social protests and threats by armed groups. Parex said it last month “received threats from the ...

Parex Resources (PARXF – Research Report) received a Hold rating and a C$31.00 price target from Scotiabank analyst Kevin Fisk today. The company’s shares closed yesterday at $18.06.

The latest international Parex Resources Inc news and views from Reuters - one of the world's largest news agencies ...

Parex expects production to average 57,000 boe/d in 2024, a 5% increase compared with 2023. In fourth-quarter 2023, the company produced 57,329 boe/d, 6% increase compared with the same quarter in ...