Curtis Darrell Bartlett Sells 100,000 Shares of Parex Resources Inc (TSE:PXT) Stock

Parex Resources Inc (TSE:PXT) Director Curtis Darrell Bartlett sold 100,000 shares of Parex Resources stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$20.66, for a total value of C$2,066,000.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at C$2,066,000.

Curtis Darrell Bartlett also recently made the following trade(s):

  • On Tuesday, September 17th, Curtis Darrell Bartlett sold 168,550 shares of Parex Resources stock. The shares were sold at an average price of C$22.94, for a total value of C$3,866,199.90.
  • On Thursday, September 12th, Curtis Darrell Bartlett sold 31,450 shares of Parex Resources stock. The shares were sold at an average price of C$21.50, for a total value of C$676,175.00.
  • On Thursday, September 5th, Curtis Darrell Bartlett sold 46,800 shares of Parex Resources stock. The shares were sold at an average price of C$21.20, for a total value of C$992,160.00.
  • On Thursday, August 22nd, Curtis Darrell Bartlett sold 53,200 shares of Parex Resources stock. The shares were sold at an average price of C$21.05, for a total value of C$1,119,860.00.

TSE:PXT traded down C$0.77 on Monday, hitting C$19.89. 456,912 shares of the stock were exchanged, compared to its average volume of 647,184. The stock has a market capitalization of $2.90 billion and a price-to-earnings ratio of 10.25. Parex Resources Inc has a 52 week low of C$13.62 and a 52 week high of C$23.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.35 and a current ratio of 2.43. The company’s 50-day moving average price is C$19.16 and its 200 day moving average price is C$20.63.

PXT has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on Parex Resources from C$24.00 to C$25.00 in a report on Monday, October 21st. National Bank Financial reaffirmed an “outperform” rating and issued a C$32.00 price target on shares of Parex Resources in a report on Friday, July 26th.

About Parex Resources

Parex Resources Inc engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 2,037,753 gross acres. As of December 31, 2018, it had proved plus probable reserves of 184.674 million barrels of oil equivalent.

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