Parex Resources ( (TSE:PXT) ) has shared an announcement.
Parex Resources announced its 2024 financial results, highlighting a strong performance with $622 million in funds flow and a net income of $61 million. The company declared a Q1 2025 dividend and appointed a new CFO, Cameron Grainger. Parex achieved strategic milestones, including successful waterflood implementations and polymer injection pilots, and expanded its exploration activities in the Llanos Foothills. The company aims to maintain steady production and shareholder returns while preparing for future exploration opportunities.
More about Parex Resources
Parex Resources Inc. is a company in the energy sector, primarily engaged in oil and gas exploration and production. The company focuses on operations in Colombia, leveraging technologies such as waterflood and polymer injection to enhance recovery and sustain long-term growth.
YTD Price Performance: -16.60%
Average Trading Volume: 40,943
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $856.4M
See more insights into PXT stock on TipRanks’ Stock Analysis page.