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Parex Resources ( (TSE:PXT) ) has provided an update.
Parex Resources reported first-quarter 2026 average production of 44,735 barrels of oil equivalent per day, reflecting weather-related downtime and weaker results at its LLA-32 block that pulled February and March volumes below January levels. The company expects output to recover in the second half of the second quarter as it undertakes remediation at LLA-32, scales up Putumayo operations and advances recent near-field exploration at LLA-111, underpinning its full-year 2026 production guidance of 45,000 to 49,000 boe/d.
Parex will publish its first-quarter 2026 financial and operating results and host its annual general and special meeting of shareholders on May 12, 2026, offering both in-person and virtual participation options. In a governance development, Parex has also withdrawn its six director nominees for GeoPark Limited’s 2026 shareholder meeting after GeoPark’s recent share issuance diluted Parex’s ownership stake, signaling a recalibration of its approach to influencing the peer company’s board.
The most recent analyst rating on (TSE:PXT) stock is a Hold with a C$32.00 price target. To see the full list of analyst forecasts on Parex Resources stock, see the TSE:PXT Stock Forecast page.
Spark’s Take on PXT Stock
According to Spark, TipRanks’ AI Analyst, PXT is a Outperform.
The score is driven primarily by strong financial quality (notably very low leverage and solid cash generation) and compelling valuation (low P/E with a high dividend yield). Technicals also support the view with a clear uptrend and positive momentum, while the earnings call was constructive but acknowledged commodity/differential sensitivity and some execution uncertainty around potential M&A.
To see Spark’s full report on PXT stock, click here.
More about Parex Resources
Parex Resources Inc. is one of the largest independent oil and gas producers in Colombia, focused on sustainable, conventional crude oil and natural gas development. The company is headquartered in Calgary with an operating office in Bogotá, and its shares trade on the Toronto Stock Exchange under the symbol PXT, giving it direct access to Canadian capital markets.
Average Trading Volume: 931,324
Technical Sentiment Signal: Buy
Current Market Cap: C$2.38B
Find detailed analytics on PXT stock on TipRanks’ Stock Analysis page.