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5-day change | 1st Jan Change | ||
22.37 CAD | -0.36% | -0.45% | -10.34% |
May. 09 | Transcript : Parex Resources Inc. - Shareholder/Analyst Call | |
May. 09 | Transcript : Parex Resources Inc., Q1 2024 Earnings Call, May 09, 2024 |
Summary
- Overall, and from a short-term perspective, the company presents an interesting fundamental situation.
Strengths
- The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
- Thanks to a sound financial situation, the firm has significant leeway for investment.
- Its low valuation, with P/E ratio at 3.67 and 4.23 for the ongoing fiscal year and 2025 respectively, makes the stock pretty attractive with regard to earnings multiples.
- The company has a low valuation given the cash flows generated by its activity.
- This company will be of major interest to investors in search of a high dividend stock.
- Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
- For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
- Analysts covering this company mostly recommend stock overweighting or purchase.
- The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
- Considering the small differences between the analysts' various estimates, the group's business visibility is good.
- The divergence of price targets given by the various analysts who make up the consensus is relatively low, suggesting a consensus method of evaluating the company and its prospects.
- Historically, the company has been releasing figures that are above expectations.
Weaknesses
- According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
- The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.
Ratings chart - Surperformance
Chart ESG Refinitiv
Sector: Oil & Gas Exploration and Production
1st Jan change | Capi. | Investor Rating | ESG Refinitiv | |
---|---|---|---|---|
-10.34% | 1.68B | B+ | ||
+7.58% | 7.29B | C | ||
+8.38% | 4.56B | - | ||
+18.27% | 2.43B | C- | ||
+20.14% | 2.06B | C- | ||
-4.51% | 1.16B | D+ | ||
-.--% | 1.1B | - | - | |
+12.50% | 537M | C- | ||
-0.85% | 536M | C+ | ||
+45.71% | 512M | - | - |
Financials
Valuation
Momentum
Consensus
Business Predictability
Environment
Governance
Controversy
Technical analysis
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- Ratings Parex Resources Inc.