Parex Resources Inc reports results for the quarter ended in June - Earnings Summary

Parex Resources

03/08/2023 18:06

* Parex Resources Inc  PXT.TO  reported quarterly adjusted
earnings of $1.24​​ per share for the quarter ended in June. The
mean expectation of three analysts for the quarter was
for earnings of $1.00 per share.
    * Revenue fell 20.6% to $274.02 million from a year ago. 
    * Parex Resources Inc's reported EPS for the quarter was 95
cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Parex Resources Inc shares had risen by 5.3% this
quarter and
gained 38.8% so far this year.
    * Wall Street's median 12-month price target for Parex
Resources
Inc is C$34.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 05:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.58           -0.34          Missed
 Mar. 31 2023      1.42           1.21           Missed
 Dec. 31 2022      1.95                          
 Sep. 30 2022      1.82           2.24           Beat