Par Pacific (NYSE:PARR – Get Free Report) will issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $2.98 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Par Pacific (NYSE:PARR – Get Free Report) last posted its quarterly earnings data on Monday, August 7th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.53. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.57 billion. Par Pacific had a return on equity of 73.08% and a net margin of 8.45%. On average, analysts expect Par Pacific to post $8 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Par Pacific Stock Down 0.4 %
NYSE:PARR opened at $32.06 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.37 and a current ratio of 1.07. The company has a market cap of $1.96 billion, a PE ratio of 3.12 and a beta of 2.03. Par Pacific has a 52-week low of $19.39 and a 52-week high of $37.50. The stock has a 50-day simple moving average of $34.30 and a 200 day simple moving average of $28.88.
Insiders Place Their Bets
Institutional Trading of Par Pacific
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new stake in Par Pacific during the 1st quarter worth approximately $60,000. Fortis Capital Advisors LLC purchased a new position in shares of Par Pacific in the 1st quarter worth approximately $113,000. Belpointe Asset Management LLC purchased a new position in shares of Par Pacific in the 1st quarter worth approximately $113,000. Ameritas Investment Partners Inc. boosted its stake in shares of Par Pacific by 24.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,566 shares of the company’s stock worth $122,000 after buying an additional 898 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in Par Pacific by 53.3% in the first quarter. Captrust Financial Advisors now owns 5,181 shares of the company’s stock valued at $67,000 after purchasing an additional 1,801 shares during the last quarter. 92.83% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently issued reports on PARR shares. Piper Sandler raised their price objective on Par Pacific from $36.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. StockNews.com initiated coverage on Par Pacific in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group raised their price objective on Par Pacific from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.40.
Par Pacific Company Profile
Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota.
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