Par Pacific Holdings, Inc. (NYSE:PARR – Get Free Report) CEO William Monteleone sold 40,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $81.30, for a total transaction of $3,252,000.00. Following the completion of the transaction, the chief executive officer owned 457,167 shares in the company, valued at approximately $37,167,677.10. This trade represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Par Pacific Stock Performance
Shares of NYSE PARR opened at $84.56 on Friday. The company has a market cap of $4.24 billion, a PE ratio of 4.93 and a beta of 0.77. Par Pacific Holdings, Inc. has a 12 month low of $32.24 and a 12 month high of $87.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.84 and a quick ratio of 0.76. The company has a 50-day simple moving average of $76.90 and a 200-day simple moving average of $64.11.
Par Pacific (NYSE:PARR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates of $8.22 by $1.88. Par Pacific had a net margin of 9.94% and a return on equity of 56.19%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the business posted $1.54 earnings per share. The company’s revenue was up 56.8% on a year-over-year basis. On average, equities analysts anticipate that Par Pacific Holdings, Inc. will post 21.33 earnings per share for the current year.
Institutional Trading of Par Pacific
Analysts Set New Price Targets
A number of research analysts have weighed in on PARR shares. Guggenheim raised Par Pacific to an “outperform” rating in a research note on Wednesday, May 27th. Zacks Research raised Par Pacific from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 4th. Mizuho upped their target price on Par Pacific from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group increased their target price on Par Pacific from $77.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen raised Par Pacific from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Par Pacific has a consensus rating of “Buy” and an average target price of $81.57.
Check Out Our Latest Research Report on PARR
Trending Headlines about Par Pacific
Here are the key news stories impacting Par Pacific this week:
- Positive Sentiment: Refining market remains supportive: Tight refining capacity, low fuel inventories and firm demand are supporting elevated crack spreads and margins. PARR and other refiners have gained more than 50% over the past six months. Oil Prices are High, But These 2 Refining Stocks are Still Crushing It
- Positive Sentiment: Strong operating results and valuation: Par Pacific’s flexible crude slate and diversified refining, retail and logistics platform are viewed as supporting earnings. The company’s latest quarterly EPS of $10.10 exceeded estimates by $1.88, while revenue rose 56.8% year over year to $2.97 billion. A reported 3.50x EV/EBITDA multiple is below the industry average. Par Pacific Surges 148% in a Year
- Positive Sentiment: Analyst outlook is broadly favorable: The stock carries an overall “Buy” rating, with most covering analysts recommending Buy or Strong Buy. Recent positive commentary emphasizes the company’s downstream diversification and ability to benefit from constrained industry capacity. Can Par Pacific’s Diversified Downstream Platform Drive Growth?
About Par Pacific
Par Pacific Holdings, Inc (NYSE:PARR) is an energy company engaged in refining, logistics and retail operations. The company processes crude oil into transportation fuels and other refined products, including gasoline, diesel, jet fuel and asphalt, which it sells through wholesale and retail channels.
Par Pacific operates refining and fuel-distribution assets serving markets in Hawaii and the western United States, including the Rocky Mountain region. Its logistics operations include fuel terminals, pipelines, storage facilities and related infrastructure used to transport and distribute crude oil and refined petroleum products.
The company also operates retail fuel stations and convenience stores under various brand names, primarily in Hawaii and other western markets.
Featured Stories
- Five stocks we like better than Par Pacific
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Par Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Par Pacific and related companies with MarketBeat.com's FREE daily email newsletter.
