- Parex Resources‘ preliminary average production for the third quarter of 2024 was 47,569 barrels of oil equivalent per day (boe/d).
- This production exceeded the estimated production figure of 46,087 boe/d.
- The company’s average production met the expectations set by their most recent production guidance.
- Analyst ratings for Parex Resources include 1 buy and 7 hold recommendations, with no sell recommendations.
A look at Parex Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.8 |
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 Smartkarma Smart Scores, Parex Resources Inc. shows a strong long-term outlook. With top scores in Value and Dividend factors, the company indicates solid potential for investors seeking stable returns and undervalued assets. Additionally, scoring high in Growth, Parex Resources exhibits promising opportunities for expansion and future profitability. Though slightly lower in Resilience and Momentum, the company’s overall outlook remains positive, especially considering its presence in Colombia and Trinidad & Tobago as an oil and gas exploration and production firm.
In summary, Parex Resources Inc. stands out as an attractive investment option with exceptional scores in Value and Dividend, indicating strong fundamentals and potential for income generation. The company’s focus on exploration and production in Colombia and Trinidad & Tobago further diversifies its portfolio, potentially offering long-term growth opportunities and sustainability.
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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