Insider Selling: Parex Resources Inc (TSE:PXT) Director Sells 90,000 Shares of Stock
by Renee Jackson
Parex Resources Inc (TSE:PXT) Director Curtis Darrell Bartlett sold 90,000 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$20.05, for a total transaction of C$1,804,500.00. Following the completion of the sale, the director now owns 10,000 shares of the company’s stock, valued at C$200,500.
Curtis Darrell Bartlett also recently made the following trade(s):
- On Friday, November 15th, Curtis Darrell Bartlett sold 100,000 shares of Parex Resources stock. The shares were sold at an average price of C$20.66, for a total transaction of C$2,066,000.00.
- 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 transaction of C$3,866,199.90.
- On Thursday, September 12th, Curtis Darrell Bartlett sold 31,450 shares of Parex Resources stock. The stock was sold at an average price of C$21.50, for a total transaction of C$676,175.00.
TSE:PXT traded down C$0.06 on Monday, hitting C$20.19. The stock had a trading volume of 597,332 shares, compared to its average volume of 634,316. The company has a quick ratio of 2.35, a current ratio of 2.43 and a debt-to-equity ratio of 0.14. Parex Resources Inc has a 52 week low of C$13.62 and a 52 week high of C$23.51. The business’s fifty day moving average is C$19.42 and its 200 day moving average is C$20.44. The company has a market cap of $2.89 billion and a PE ratio of 10.43.
Separately, Royal Bank of Canada raised their target price on Parex Resources from C$24.00 to C$25.00 in a research note on Monday, October 21st.
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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