Heres Why Parex Resources Can Manage Its Debt Responsibly - Simply Wall St
| PXT Stock | CAD 13.14 0.38 2.81% |
About 61% of Parex Resources' investor base is looking to short. The current sentiment of investing in Parex Resources suggests that many traders are alarmed. Parex Resources' investing sentiment overview a quick insight into current market opportunities from investing in Parex Resources. Many technical investors use Parex Resources stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Heres Why Parex Resources Can Manage Its Debt Responsibly Simply Wall St
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Parex Resources Fundamental Analysis
We analyze Parex Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parex Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parex Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
Parex Resources is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
Parex Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Parex Resources stock to make a market-neutral strategy. Peer analysis of Parex Resources could also be used in its relative valuation, which is a method of valuing Parex Resources by comparing valuation metrics with similar companies.
Peers
Parex Resources Related Equities
| TOU | Tourmaline Oil | 1.30 |
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| PSK | PrairieSky Royalty | 1.89 |
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| ARX | ARC Resources | 2.09 |
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| MEG | MEG Energy | 2.50 |
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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.