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5-day change | 1st Jan Change | ||
22.15 CAD | +1.54% | +3.46% | -11.22% |
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 3.64 and 4.2 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.
- The company is one of the best yield companies with high dividend expectations.
- Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
- Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
- Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
- The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
- Considering the small differences between the analysts' various estimates, the group's business visibility is good.
- Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.
- Historically, the company has been releasing figures that are above expectations.
Weaknesses
- As estimated by analysts, this group is among those businesses with the lowest growth prospects.
- The potential for earnings per share (EPS) growth in the coming years appears limited according to current analyst estimates.
Ratings chart - Surperformance
Chart ESG Refinitiv
Sector: Oil & Gas Exploration and Production
1st Jan change | Capi. | Investor Rating | ESG Refinitiv | |
---|---|---|---|---|
-11.22% | 1.65B | B+ | ||
+13.97% | 4.86B | - | ||
+19.56% | 2.4B | C- | ||
+19.42% | 1.96B | C- | ||
-.--% | 1.1B | - | - | |
-13.81% | 1.06B | D+ | ||
+9.41% | 503M | C- | ||
+42.86% | 503M | - | - | |
-7.97% | 495M | C+ | ||
+18.93% | 403M | - | - |
Financials
Valuation
Momentum
Consensus
Business Predictability
Environment
Governance
Controversy
Technical analysis
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- Ratings Parex Resources Inc.