Parex Resources

PXT.TO

Oil & Gas Exploration & Production · Energy

Price

C$28.10

-0.10 (-0.35%)

Market Cap

C$2.70B

Exchange

Toronto Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Good

Stability

Strong

Valuation

Good

Dividends

Good

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Share count falling — buybacks

−22.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 125.6M (2021) → 97.2M (2025)

Winston Score History

The full picture

Parex Resources is a Canadian oil and gas company that finds and produces crude oil in Colombia, South America. It drills wells, pulls oil out of the ground, and sells that oil to refineries and traders. Parex is one of the largest independent oil producers operating entirely within Colombia.

The company makes money by selling crude oil at market prices, so its revenue rises and falls with global oil prices. Parex operates across several oil blocks in Colombia under contracts with the Colombian government, and it has built up a strong position by focusing on one country rather than spreading itself thin. Its main competitive advantage is deep local knowledge and a large portfolio of exploration licenses in Colombia. The biggest risk the company faces is that falling oil prices directly shrink its profits, and operating in a single country means any political or regulatory changes in Colombia can have an outsized impact on the business.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+59.8% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+800.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

1.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$275M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Parex Resources grew revenue 60% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

42.5%

Healthy — 42.5% gross margin

Profit after running costs

Operating Margin

36.7%

Excellent — 36.7% operating margin

Return on the money invested

ROCE

9.6%

Below par — 9.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+5.5%

Slow sales growth (+5.5% YoY)

Profit growth

EPS YoY

+354.0%

Earnings growing fast (+354.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

73%

Modest — 73% of profit becomes cash

Spare cash per sale

FCF Margin

18.0%

Converts sales into free cash efficiently (18.0%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.34

Conservative — low debt load (0.34)

Covers its interest

Interest Cover

14.07x

Comfortably covers interest (14.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

3.5x

Attractive valuation — P/E 3.5

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

-2.1

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend

Dividend Yield

5.80%

Healthy income — 5.80% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+0.0%

Dividend flat

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