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Colombia-focused oil producer listed in Canada, operating exploration and production assets in the Llanos Basin.
Colombia-focused oil producer listed in Canada, operating exploration and production assets in the Llanos Basin.
Sells crude at prices linked to the international Brent benchmark less a quality and transport discount, so income rises and falls with oil prices. Wells decline over time, so drilling and exploration spending is needed to hold output, and Colombian tax and security conditions matter.
In one line: A Colombia-focused independent oil producer.
Moat: none. Commodity oil producer without a structural cost or scale advantage; Colombia country exposure is a differentiator not a moat.
Headquarters: Calgary, Canada · Founded: 2009 · Employees: 461
Size Parex Resources (PXT.TO) is a Canada Energy company (Oil & Gas Production) with a market value of $1.36B, the 214th largest of 420 Canada companies the cockpit tracks. Shares closed at C$19.81 on 6 Nov 2026.
Performance Over six months the shares fell 29.5%, against -16.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 13.6% over the last twelve months (peer median +8.9%); the operating margin is 28.5% (peer median 20.1%).
Valuation It trades at 3.5× forward earnings against a peer median of 10.9× (2nd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points above its cost of capital (5.8% WACC).
Credit Parex Resources has 1 bond outstanding ($500M), rated B+ by the agencies and trading like B at a weighted spread of 394 bp.
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.48B | C$1.23B | C$1.49B | C$1.58B | C$1.71B |
| Revenue growth | — | -17% | -6% | -7% | — |
| Gross profit | C$621M | C$516M | C$740M | C$928M | C$1.24B |
| EBITDA | C$734M | C$629M | C$938M | C$1.08B | C$1.35B |
| Net income | C$795M | C$356M | C$83.1M | C$620M | C$796M |
| Free cash flow | C$267M | C$313M | C$478M | C$88.5M | C$773M |
| Capital expenditure | C$538M | C$434M | C$483M | C$706M | C$849M |
| Total debt | C$1.16B | C$57.8M | C$93.8M | C$127M | C$9.26M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Parex Resources PXT.TO | $1.36B | -30% | +14% | 29% | 3.5× | -11.2% |
| GeoPark GPRK | $613M | +1% | -5% | 24% | 9.8× | n/a |
| Gran Tierra Energy GTE.TO | $333M | +11% | +7% | 4% | 309.2× | -0.6% |
| Frontera Energy FEC.TO | $344M | -52% | -52% | -3% | 3.0× | n/a |
| Ecopetrol SA Sponsored ADR EC | $32.6B | +23% | +6% | 22% | 6.5× | -6.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PXT.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.8% | -9.9% | lowest of 21 |
| 6-month return | -29.5% | -16.9% | 3rd lowest of 20 |
| Distance from 52-week high | -34.9% | -31.2% | 8th lowest of 21 |
| Revenue growth (TTM) | +13.6% | +8.9% | 9th highest of 18 |
| Operating margin | 28.5% | 20.1% | 5th highest of 18 |
| Forward P/E | 3.5× | 10.9× | 2nd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -11.2% | -7.3% | 6th least demanding of 11 |
| Growth delivered (Del g) | +11.5% | +29.4% | 3rd lowest of 10 |
| Hurdle (Req g minus delivered) | -22.7 pp | -32.8 pp | 4th most demanding of 10 |
| ROIC minus cost of capital | +1.6 pp | +0.7 pp | 9th highest of 21 |
| EV / EBITDA | 3.7× | 4.6× | 8th cheapest of 17 |
| Net debt / EBITDA | 1.1× | 1.0× | 8th most indebted of 17 |
| Bond spread | 394 bp | 314 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Parex Resources PXT.TO | Canada | $1.36B | -30% | +14% | 29% | 3.5× | -11.2% | +11.5% |
| Cardinal Energy CJ.TO | Canada | $1.40B | -8% | +18% | 31% | 11.8× | 5.3% | +17.9% |
| Zhongman Petroleum and Natural Gas 603619.SS | China | $1.30B | -42% | -13% | 20% | 20.7× | n/a | n/a |
| Beach Energy BPT.AX | Australia | $1.42B | -16% | -9% | 21% | 5.5× | -12.2% | +4.2% |
| Vedanta Oil and Gas VOGL.NS | India | $1.27B | n/a | n/a | n/a | n/a | n/a | n/a |
| Advantage Energy AAV.TO | Canada | $1.26B | +6% | +14% | 20% | 16.0× | n/a | n/a |
| BlueNord BNOR.OL | Norway | $1.49B | -6% | +28% | 32% | 10.9× | -12.2% | +15.0% |
| Serica Energy SER.L | United Kingdom | $1.20B | -17% | +64% | 23% | 12.6× | -13.0% | +29.4% |
| NextDecade NEXT | United States | $1.56B | -23% | n/a | n/a | n/a | n/a | n/a |
| Etablissements Maurel & Prom MAU.PA | France | $1.57B | -29% | -11% | 31% | 5.4× | n/a | n/a |
| Oriental Energy 002221.SZ | China | $1.17B | -36% | -22% | 3% | 15.2× | n/a | n/a |
| Vermilion Energy VET.TO | Canada | $1.61B | -9% | -2% | 14% | 4.3× | -0.8% | +9.1% |
| Tenaz Energy TNZ.TO | Canada | $1.13B | -21% | +381% | 16% | 11.9× | 17.7% | +103.4% |
| Spartan Delta SDE.TO | Canada | $1.63B | -11% | +93% | 32% | 7.6× | n/a | n/a |
| Energean ENOG.L | United Kingdom | $1.72B | -19% | +9% | 27% | 4.2× | -2.4% | +126.8% |
| Valeura Energy VLE.TO | Canada | $1.07B | +11% | +6% | 17% | 9.9× | -17.3% | +141.2% |
| Rockhopper Exploration RKH.L | United Kingdom | $937M | -18% | n/a | n/a | n/a | n/a | n/a |
| Meren Energy MER.TO | Canada | $921M | -19% | +388% | 22% | 5.8× | -16.4% | n/a |
| HighPeak Energy HPK | United States | $903M | +23% | -13% | 16% | 24.6× | n/a | n/a |
| Diversified Energy DEC | United States | $899M | -19% | +109% | 15% | 2.1× | -0.5% | +32.3% |
| Select Water Solutions WTTR | United States | $2.09B | -4% | -2% | 4% | 28.9× | n/a | n/a |
Parex Resources has 1 bond outstanding with $500M face value. The agencies rate it B+; its bonds trade like B. Weighted yield 8.57%, a spread of 394 bp over government bonds.