- Parex Resources forecasts average production for 2025 to be between 43,000 and 47,000 barrels of oil equivalent per day (boe/d).
- Preliminary report indicates fourth-quarter 2024 average production at 45,297 boe/d.
- Total capital expenditure (Capex) for 2025 is expected to be between $285 million and $315 million.
- The company is targeting full-year 2025 average production at 45,000 boe/d, with capital expenditures set at $300 million.
- Parex Resources projects a funds flow from operations of $445 million for 2025 at a Brent oil price of $70 per barrel.
- Expected free funds flow for 2025 is $145 million, reducing to $40 million after distributing an annual regular dividend of approximately $105 million (C$1.54 per share).
- Total amount available under the company’s senior secured credit facility has increased from $200 million to $240 million.
- Analyst ratings include 0 buy recommendations, 8 holds, and 0 sell recommendations.
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A look at Parex Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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
Based on the Smartkarma Smart Scores, Parex Resources Inc. is projected to have a positive long-term outlook. With top scores in Value and Dividend, the company is seen as strong in terms of financial health and shareholder returns. Additionally, Parex Resources scores well in Momentum, indicating a favorable market sentiment towards the company’s stock. Despite slightly lower scores in Growth and Resilience, the overall outlook remains promising for this oil and gas exploration and production company.
As an oil and gas exploration and production company with interests in Colombia and Trinidad & Tobago, Parex Resources Inc. is riding on a high wave with its stellar Value, Dividend, and Momentum scores. These scores reflect the company’s solid financial foundation, attractive dividend payouts, and positive market sentiment. While Growth and Resilience scores are not as high, Parex Resources‘ overall outlook remains strong, setting a positive tone for its future growth and resilience in the industry.
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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