Par Pacific (PARR) Scheduled to Post Quarterly Earnings on Monday

Par Pacific (NYSE:PARR) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $1.22 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Par Pacific (NYSE:PARR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.03). The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.45 billion. Par Pacific had a net margin of 8.85% and a return on equity of 47.63%. On average, analysts expect Par Pacific to post $5 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Par Pacific Stock Performance

NYSE PARR opened at $32.41 on Monday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 2.71 and a beta of 1.95. Par Pacific has a 1-year low of $20.30 and a 1-year high of $40.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.30 and a quick ratio of 0.54. The business’s 50-day simple moving average is $36.34 and its 200-day simple moving average is $35.28.

Insider Buying and Selling

In other Par Pacific news, insider Jeffrey Ryan Hollis sold 4,700 shares of Par Pacific stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total transaction of $175,733.00. Following the sale, the insider now directly owns 13,176 shares in the company, valued at approximately $492,650.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Par Pacific news, insider Jeffrey Ryan Hollis sold 4,700 shares of Par Pacific stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total transaction of $175,733.00. Following the sale, the insider now directly owns 13,176 shares in the company, valued at approximately $492,650.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ivan Daniel Guerra sold 6,000 shares of Par Pacific stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.49, for a total value of $224,940.00. Following the sale, the chief accounting officer now owns 16,200 shares in the company, valued at $607,338. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PARR has been the topic of several recent research reports. Piper Sandler boosted their price target on Par Pacific from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. StockNews.com lowered Par Pacific from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.75.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.