Steven Eirich - Parex Resources Investor Advisor
| PXT Stock | CAD 15.24 0.21 1.40% |
Executive
Steven Eirich is Investor Advisor of Parex Resources
| Address | West Tower, Calgary, AB, Canada, T2P 1G1 |
| Phone | 403 265 4800 |
| Web | https://www.parexresources.com |
Parex Resources Management Efficiency
The company has return on total asset (ROA) of 0.1371 % which means that it generated a profit of $0.1371 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1381 %, meaning that it generated $0.1381 on every $100 dollars invested by stockholders. Parex Resources' management efficiency ratios could be used to measure how well Parex Resources manages its routine affairs as well as how well it operates its assets and liabilities. As of the 23rd of November 2024, Return On Tangible Assets is likely to grow to 0.21. Also, Return On Capital Employed is likely to grow to 0.55. At this time, Parex Resources' Return On Assets are very stable compared to the past year.Similar Executives
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Management Performance
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.14 |
Parex Resources Leadership Team
Elected by the shareholders, the Parex Resources' board of directors comprises two types of representatives: Parex Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Parex. The board's role is to monitor Parex Resources' management team and ensure that shareholders' interests are well served. Parex Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Parex Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ryan Fowler, Senior Vice President - Exploration & Business Development | ||
| Glenn McNamara, Independent Director | ||
| Carmen Sylvain, Independent Director | ||
| Daniel Ferreiro, President Colombia | ||
| David Taylor, President, Chief Executive Officer, Director | ||
| G MacDougall, Independent Director | ||
| Lisa Colnett, Independent Director | ||
| Kenneth Pinsky, Chief Financial Officer, Corporate Secretary | ||
| Eric Furlan, Chief Operating Officer | ||
| Ronald Miller, Independent Director | ||
| Cameron Grainger, VP Controller | ||
| Robert Engbloom, Independent Director | ||
| Joshua Share, Senior Services | ||
| Wayne Foo, President CEO, Director | ||
| Imad Mohsen, CEO President | ||
| Steven Eirich, Investor Advisor | ||
| Michael Kruchten, Vice President - Corporate Planning and Investor Relations | ||
| Sanjay Bishnoi, CFO Secretary | ||
| Paul Wright, Independent Director | ||
| Curtis Bartlett, Independent Director | ||
| Jeff Meunier, New VP | ||
| Cam Grainger, Controller |
Parex Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Parex Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.45 % | ||||
| Current Valuation | 1.33 B | ||||
| Shares Outstanding | 99.22 M | ||||
| Shares Owned By Insiders | 1.67 % | ||||
| Shares Owned By Institutions | 55.98 % | ||||
| Number Of Shares Shorted | 3.23 M | ||||
| Price To Earning | 21.98 X |
Pair Trading with Parex Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Parex Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Parex Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Parex Stock
The ability to find closely correlated positions to Parex Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parex Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Parex Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Parex Resources to buy it.
The correlation of Parex Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parex Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parex Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Parex Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Parex Stock
Parex Resources financial ratios help investors to determine whether Parex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Parex with respect to the benefits of owning Parex Resources security.