CAD14.74
3.28% yesterday
Toronto, Nov 25, 10:00 pm CET
ISIN
CA69946Q1046
Symbol
PXT
Sector
Industry

Parex Resources Target price 2024 - Analyst rating & recommendation

Parex Resources Classifications & Recommendation:

Hold
100%

Parex Resources Price Target

Target Price CAD16.59
Price CAD14.74
Potential
Number of Estimates 7
7 Analysts have issued a price target Parex Resources 2025 . The average Parex Resources target price is CAD16.59. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 7 analysts: 0 Analysts recommend Parex Resources to buy, 7 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Parex Resources stock has an average upside potential 2025 of . Most analysts recommend the Parex Resources stock at Hold.

Sales and Margin forecast 2024, 2025 & 2026

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Dec '23 2024
Estimates
Revenue Billion CAD 1.58 1.59
7.47% 0.50%
EBITDA Margin 68.28% 64.23%
13.92% 5.94%
Net Margin 36.93% 15.22%
10.12% 58.79%

3 Analysts have issued a sales forecast Parex Resources 2024 . The average Parex Resources sales estimate is

CAD1.6b
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. This is
0.76% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD1.8b 12.10%
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, the lowest is
CAD1.5b 4.95%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 CAD1.6b 7.47%
2024
CAD1.6b 0.50%
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2025
CAD1.4b 13.33%
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2026
CAD1.4b 3.67%
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2 Analysts have issued an Parex Resources EBITDA forecast 2024. The average Parex Resources EBITDA estimate is

CAD1.0b
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. This is
1.43% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
CAD1.0b 0.13%
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, the lowest is
CAD1.0b 2.74%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 CAD1.1b 20.35%
2024
CAD1.0b 5.46%
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2025
CAD892m 12.46%
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2026
CAD962m 7.79%
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EBITDA Margin

2023 68.28% 13.92%
2024
64.23% 5.94%
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2025
64.88% 1.01%
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2026
67.46% 3.98%
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2 Parex Resources Analysts have issued a net profit forecast 2024. The average Parex Resources net profit estimate is

CAD241m
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. This is
30.43% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
CAD244m 29.83%
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, the lowest is
CAD239m 31.03%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 CAD583m 16.83%
2024
CAD241m 58.59%
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2025
CAD206m 14.90%
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2026
CAD149m 27.27%
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Net Margin

2023 36.93% 10.12%
2024
15.22% 58.79%
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2025
14.94% 1.84%
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2026
10.48% 29.85%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Dec '23 2024
Estimates
Earnings Per Share CAD 5.83 2.41
16.83% 58.66%
P/E 6.11
EV/Sales 0.83

2 Analysts have issued a Parex Resources forecast for earnings per share. The average Parex Resources <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

CAD2.41
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. This is
30.55% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
CAD2.43 29.97%
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, the lowest is
CAD2.39 31.12%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 CAD5.83 16.83%
2024
CAD2.41 58.66%
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2025
CAD2.05 14.94%
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2026
CAD1.49 27.32%
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P/E ratio

Current 4.25 11.84%
2024
6.11 43.76%
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2025
7.17 17.35%
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2026
9.87 37.66%
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Based on analysts' sales estimates for 2024, the Parex Resources stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 0.83 53.89%
2024
0.83 0.45%
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2025
0.95 15.37%
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2026
0.92 3.54%
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P/S ratio

Current 0.93 48.93%
2024
0.92 0.75%
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2025
1.06 15.38%
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2026
1.03 3.54%
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