At the time of writing, Par Pacific Holdings Inc [PARR] stock is trading at $16.75, up 0.60%. 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 10.85% over the last week, with a monthly amount drifted -5.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Par Pacific Holdings Inc [NYSE: PARR] stock has seen the most recent analyst activity on October 02, 2024, when JP Morgan upgraded its rating to a Overweight and also revised its price target to $30 from $36. Previously, Piper Sandler downgraded its rating to Neutral on September 20, 2024, and dropped its price target to $23. On September 09, 2024, downgrade downgraded it’s rating to Hold. TD Cowen reiterated its Buy rating and decreased its price target to $32 on August 09, 2024. Mizuho initiated its recommendation with a Outperform and recommended $33 as its price target on July 17, 2024. TD Cowen reiterated a Buy rating for this stock on June 25, 2024, and downed its price target to $36. In a note dated May 08, 2024, TD Cowen reiterated an Buy rating on this stock and revised its target price from $45 to $42.
For the past year, the stock price of Par Pacific Holdings Inc fluctuated between $14.84 and $40.69. Currently, Wall Street analysts expect the stock to reach $23.33 within the next 12 months. Par Pacific Holdings Inc [NYSE: PARR] shares were valued at $16.75 at the most recent close of the market. An investor can expect a potential return of 39.28% based on the average PARR price forecast.
Analyzing the PARR fundamentals
According to Par Pacific Holdings Inc [NYSE:PARR], the company’s sales were 8.33B for trailing twelve months, which represents an -16.88% plunge. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 1.77, Equity is 0.25 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.2.
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 16.49 points at the first support level, and at 16.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.14, and for the 2nd resistance point, it is at 17.53.
Ratios To Look Out For
It is important to note that Par Pacific Holdings Inc [NYSE:PARR] has a current ratio of 1.69. As well, the Quick Ratio is 0.66, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 0.11, the price to book ratio is 0.75 and price to earnings (TTM) ratio is 3.24.
Transactions by insiders
Recent insider trading involved Guerra Ivan Daniel, Chief Accounting Officer, that happened on Mar 13 ’24 when 6000.0 shares were sold., Hollis Jeffrey Ryan completed a deal on Mar 13 ’24 to sell 4700.0 shares. Meanwhile, Chief Executive Officer PATE WILLIAM sold 75000.0 shares on Nov 27 ’23.
