- Parex Resources reported FFO per share of $1.43 for the fourth quarter, exceeding analyst estimates of $1.20, but below the $1.85 from the previous year.
- Average production was 45,297 barrels of oil equivalent per day, a 21% decrease from the previous year and slightly above the estimated 45,126 barrels per day.
- Natural gas production stood at 5.19 million cubic feet per day, almost flat compared to the prior year and above the estimated 4.51 million.
- Crude oil production decreased by 21% year-over-year to 44,432 barrels per day, closely aligning with estimates of 44,289 barrels per day.
- The company reported an EBITDA loss of $10.4 million, contrasting sharply with a profit of $110.7 million in the same period last year.
- Capital expenditure for the quarter was $82.1 million, marking a 10% decline year-over-year and under the expected $91.9 million.
- Net debt was reduced by 25% year-over-year to $59.4 million.
- Analyst recommendations included 0 buys, 6 holds, and 0 sells.
A look at Parex Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analyzing the Smart Scores for Parex Resources, the company shows strong performance in key areas. With top marks in both Value and Dividend scores, Parex Resources demonstrates sound financial metrics and a commitment to rewarding shareholders. While Growth and Resilience scores are slightly lower, the company still maintains a solid position, indicating potential for expansion and ability to withstand market uncertainties. Additionally, the Momentum score of 4 suggests that Parex Resources is experiencing positive market trends, positioning it well for future opportunities.
In summary, Parex Resources Inc. is an oil and gas exploration and production company with a robust outlook based on the Smart Scores. Strong scores in Value and Dividend highlight the company’s financial strength and shareholder-friendly approach. Despite slightly lower scores in Growth and Resilience, Parex Resources remains well-positioned for growth and market volatility. The positive Momentum score further reinforces the company’s potential for continued success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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