Parex Resources (TSX:PXT) has seen its one-year price target revised to $23.21 per share, marking an 11.18% increase from a previous estimate of $20.87, recorded on December 3, 2025. This new target indicates a potential rise of 30.90% from the most recent closing price of $17.73 per share. Analyst projections range from a low of $16.16 to a high of $34.70 per share.
The company’s current dividend yield stands at 8.77%, with a payout ratio of 1.33, indicating that it is distributing more than its income in dividends. Parex has maintained a 3-year dividend growth rate of 0.54%. In institutional holdings, there has been a 10.64% decrease in ownership, totaling 21,280K shares, over the last quarter, while the average portfolio weight among funds dedicated to PXT rose by 20.89% to 0.29%.
Key institutional shareholders include Fidelity Series Value Discovery Fund with 2,669K shares (2.77% ownership) unchanged, and iShares International Select Dividend ETF, which increased its stake to 2,251K shares (2.34% ownership), representing a 7.61% growth in the last quarter.
