Parex Resources reported quarterly earnings per share of C$0.89, well below the C$1.38 estimate. Results have been volatile, with the company beating estimates in two of the past four comparable quarters.
Parex Resources Inc. (PXT.TO) reported earnings before the market opened on November 6 for the quarter ended September 30, 2026. EPS was C$0.89, 35.5% below the C$1.38 calendar estimate. That reversed a 39.1% beat in the previous quarter. The company has also reported positive trailing earnings and a 54.96% profit margin. Quarterly revenue and margin figures weren’t provided, so EPS is the clearest measure available for this report.
Recent earnings trend
Parex Resources Inc
PXT.TO
PXT.TO
Parex Resources Inc
WealthAwesomeMarket cap
$1.91B
P/E
2.3x
52W high
$30.44
52W low
$16.40
1W change
-29.22%
Beta
0.59
Analyst Price Targets
Based on analyst covering PXT · as of Oct 29, 2026
Wall Street analysts forecast PXT stock price to rise 68.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$33.31
+68.2% Upside
Previously C$32.94 on Oct 26, 2026
Current Price
C$19.81
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PXT's historical volatility
30-Day Vol
66.4%
Annualized
90-Day Vol
49.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$16.57
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$18.67 | C$14.84 – C$23.47 |
| 60 trading days | C$17.59 | C$12.72 – C$24.31 |
| 90 trading days | C$16.57 | C$11.14 – C$24.64 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-03-04 | — | 0.8900 | — |
| 2026-09-30 | 2026-11-06 | 0.8900 | 1.3800 | -35.5% |
| 2026-06-30 | 2026-07-30 | 2.1700 | 1.5600 | +39.1% |
| 2026-03-31 | 2026-05-12 | 0.0655 | 0.0680 | -3.7% |
| 2025-12-31 | 2026-03-04 | 1.0700 | 0.4700 | +127.7% |
| 2025-09-30 | 2025-11-04 | 0.6800 | 0.5300 | +28.3% |
Investor takeaway: The main news is a sizable EPS miss, but the available figures don’t show the full picture of operating performance. Parex has beaten estimates in two of its last four comparable quarters, though results have swung sharply. The next-quarter consensus is C$1.10, based on one analyst, down from C$1.26 30 days ago. With only one estimate, future revisions are worth watching. Canadian investors will want to see whether earnings stabilize and how they respond to energy-market conditions. See the Parex Resources stock page for company data and forecasts.
C$0.89 EPS versus C$1.38 expected
Parex missed the calendar EPS estimate by 35.5% for the quarter ended September 30. In the previous quarter, EPS was C$2.17 against an estimate of C$1.56. The contrast shows how much reported earnings have varied.
Bull case
Parex remains profitable based on the trailing figures provided, with EPS (TTM) of C$8.62 and a 54.96% profit margin. The latest miss follows a strong June quarter, when EPS of C$2.17 beat the C$1.56 estimate. Results haven’t been consistently weak. Analyst price targets offer another positive signal: the average is C$33.31, compared with the last close of C$19.81. That suggests 68.2% upside, but it isn’t guaranteed and should be considered alongside the company’s earnings volatility.
Bear case
September-quarter EPS was C$0.49 per share below the estimate. Parex has beaten estimates in only two of its last four comparable quarters. The shares closed at C$19.81 on November 6, down 16.55% for the day, 29.22% for the week and 27.75% for the month. The price was also below the 50-day moving average of C$27.77 and the 200-day average of C$25.38. These figures show recent market performance, but they don’t prove the earnings miss caused the decline. The next-quarter EPS consensus has also fallen over the past 30 days, from C$1.26 to C$1.10.
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