Parex Resources (TSX:PXT) Buyback Yield % : 5.12 (As of May. 26, 2024)

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What is Parex Resources Buyback Yield %?

Buyback yield is the net repurchase of shares outstanding over the market capital of the company. It is a measure of shareholder return.

Parex Resources's current buyback yield was 5.12%.

Parex Resources Buyback Yield % Historical Data

The historical data trend for Parex Resources's Buyback Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Parex Resources Buyback Yield % Chart

Parex Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Buyback Yield %

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8.52

9.58

10.76

13.68

5.44

Parex Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Buyback Yield %	Get a 7-Day Free Trial															6.66	4.80	4.91	4.65	3.72

Competitive Comparison of Parex Resources's Buyback Yield %

For the Oil & Gas E&P subindustry, Parex Resources's Buyback Yield %, along with its competitors' market caps and Buyback Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Parex Resources's Buyback Yield % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Parex Resources's Buyback Yield % distribution charts can be found below:

* The bar in red indicates where Parex Resources's Buyback Yield % falls into.

Parex Resources Buyback Yield % Calculation

Buyback yield is a measure of shareholder return.

Parex Resources's Buyback Yield for the fiscal year that ended in Dec. 2023 is calculated as

Buyback Yield	=	Net Issuance of Stock			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	/	Market Cap
	=	- (-140.959	+	0)	/	2590.1094
	=	5.44%

Parex Resources's annualized Buyback Yield for the quarter that ended in Mar. 2024 is calculated as

Buyback Yield	=	Net Issuance of Stock		(Annualized)			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	*	Annualized Factor	/	Market Cap
	=	- (-20.698	+	0)	*	4	/	2227.05896
	=	3.72%

In calculating the annualized quarterly data, the Repurchase of Stock and Issuance of Stock data used here is four times the quarterly (Mar. 2024) data.

Parex Resources Buyback Yield % Related Terms

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Parex Resources (TSX:PXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (TSX:PXT) » Definitions » Buyback Yield %

Comparable Companies

Traded in Other Exchanges

PARXF:USA QPX:Germany

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.

Executives

Sigmund Cornelius

Director

Parex Resources (TSX:PXT) Headlines

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