GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (TSX:PXT) » Definitions » 6-Month Price Index

Parex Resources (TSX:PXT) 6-Month Price Index : 0.82 (As of May. 26, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Parex Resources 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-05-26), Parex Resources's 6-Month Price Index is 0.82.

Competitive Comparison of Parex Resources's 6-Month Price Index

For the Oil & Gas E&P subindustry, Parex Resources's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index 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  (TSX:PXT) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* 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.

Parex Resources  (TSX:PXT) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Parex Resources 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Parex Resources's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Parex Resources (TSX:PXT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (TSX:PXT) » Definitions » 6-Month Price Index
Comparable Companies
TSX:PEY TSX:NVA TSX:ATH TSX:TVE TSX:FRU TSX:VET TSX:BIR TSX:IPCO TSX:HWX TSX:AAV COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
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

No Headlines