Parex Resources (TSE:PXT) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Parex Resources reported its third-quarter financial results, highlighting a funds flow of $152 million and an increase in its production guidance for 2024. The company announced a Q4 2024 dividend of C$0.385 per share and emphasized a focus on improving production efficiency and enhancing capital returns. Despite lower than expected results, Parex is committed to safe and reliable production as it transitions into 2025.
For further insights into TSE:PXT stock, check out TipRanks’ Stock Analysis page.
