Parex Resources (TSX:PXT) 5-Year Yield-on-Cost % : 6.19 (As of Apr. 29, 2024)

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What is Parex Resources 5-Year Yield-on-Cost %?

Parex Resources's yield on cost for the quarter that ended in Dec. 2023 was 6.19.

The historical rank and industry rank for Parex Resources's 5-Year Yield-on-Cost % or its related term are showing as below:

TSX:PXT' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.48 Med: 3.84 Max: 7.35
Current: 6.19

During the past 13 years, Parex Resources's highest Yield on Cost was 7.35. The lowest was 0.48. And the median was 3.84.

TSX:PXT's 5-Year Yield-on-Cost % is ranked better than
60.85% of 493 companies
in the Oil & Gas industry
Industry Median: 4.72 vs TSX:PXT: 6.19

Competitive Comparison of Parex Resources's 5-Year Yield-on-Cost %

For the Oil & Gas E&P subindustry, Parex Resources's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Parex Resources's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Parex Resources's 5-Year Yield-on-Cost % falls into.

Parex Resources 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Parex Resources is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Parex Resources (TSX:PXT) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Parex Resources 5-Year Yield-on-Cost % 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 » 5-Year Yield-on-Cost %

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.

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