CAD13.71
1.56% today
Toronto, Dec 30, 09:44 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 CAD16.66
Price CAD13.50
Potential
Number of Estimates 7
7 Analysts have issued a price target Parex Resources 2025 . The average Parex Resources target price is CAD16.66. 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 1.66
7.47% 5.25%
EBITDA Margin 68.28% 62.49%
13.92% 8.48%
Net Margin 36.93% 14.53%
10.12% 60.66%

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

CAD1.7b
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. This is
5.53% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD1.8b 14.20%
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, the lowest is
CAD1.5b 3.15%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 CAD1.6b 7.47%
2024
CAD1.7b 5.25%
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2025
CAD1.4b 15.32%
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2026
CAD1.4b 2.85%
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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
0.43% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
CAD1.1b 1.77%
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, the lowest is
CAD1.0b 0.91%
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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 3.68%
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2025
CAD910m 12.42%
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2026
CAD962m 5.75%
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EBITDA Margin

2023 68.28% 13.92%
2024
62.49% 8.48%
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2025
64.63% 3.42%
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2026
66.46% 2.83%
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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
14.53% 60.66%
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2025
14.60% 0.48%
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2026
10.33% 29.25%
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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 5.59
EV/Sales 0.71

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 3.89 10.51%
2024
5.59 43.70%
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2025
6.57 17.53%
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2026
9.04 37.60%
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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 0.75 54.82%
2024
0.71 5.37%
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2025
0.84 18.09%
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2026
0.81 2.77%
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P/S ratio

Current 0.85 49.86%
2024
0.80 5.24%
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2025
0.95 18.09%
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2026
0.92 2.78%
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