At the time of writing, Par Pacific Holdings Inc [PARR] stock is trading at $40.07, down -0.77%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PARR shares have gain 5.42% over the last week, with a monthly amount glided 11.93%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Par Pacific Announces CEO Transition Plans. In a post published today on Yahoo Finance, William Pate to step down as Chief Executive Officer; will remain Director.
From an analyst’s perspective:
Par Pacific Holdings Inc [NYSE: PARR] stock has seen the most recent analyst activity on May 05, 2023, when TD Cowen reiterated its Outperform rating and also revised its price target to $28 from $32. Previously, UBS started tracking the stock with Neutral rating on March 09, 2023, and set its price target to $34. On January 20, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $33 on the stock. Goldman downgraded its rating to a Neutral and increased its price target to $20 on August 18, 2022. Goldman upgraded its rating to a Buy and raised its price target to $20 on April 06, 2021. Cowen upgraded its rating to Outperform for this stock on March 01, 2021, and upped its price target to $21. In a note dated February 22, 2021, JP Morgan upgraded an Neutral rating on this stock but restated the target price of $20.
For the past year, the stock price of Par Pacific Holdings Inc fluctuated between $20.30 and $40.69. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. Par Pacific Holdings Inc [NYSE: PARR] shares were valued at $40.07 at the most recent close of the market. An investor can expect a potential drop of -32.62% based on the average PARR price forecast.
Analyzing the PARR fundamentals
According to Par Pacific Holdings Inc [NYSE:PARR], the company’s sales were 7.86B for trailing twelve months, which represents an 25.44% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.68 points at the first support level, and at 39.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.58, and for the 2nd resistance point, it is at 41.08.
Par Pacific Holdings Inc [PARR] reported earnings per share of $3.15 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.11/share, meaning a difference of $0.04 and a surprise factor of 1.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $1.73 per share as compared to estimates of $1.21 per share, a difference of $0.52 representing a surprise of 43.00%.
Ratios To Look Out For
It is important to note that Par Pacific Holdings Inc [NYSE:PARR] has a current ratio of 1.12. As well, the Quick Ratio is 0.49, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 2.26 and price to earnings (TTM) ratio is 4.67.
Transactions by insiders
Recent insider trading involved PATE WILLIAM, Chief Executive Officer, that happened on Nov 28 when 75000.0 shares were sold. Chief Executive Officer, PATE WILLIAM completed a deal on Nov 27 to sell 75000.0 shares. Meanwhile, Chief Executive Officer PATE WILLIAM sold 0.12 million shares on Aug 14.
