Par Pacific (NYSE:PARR – Get Rating) is scheduled to announce its earnings results after the market closes on Tuesday, November 1st. Analysts expect the company to announce earnings of $1.81 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Par Pacific (NYSE:PARR – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The company reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $1.41. Par Pacific had a return on equity of 85.70% and a net margin of 1.68%. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $1.92 billion. On average, analysts expect Par Pacific to post $6 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Par Pacific Price Performance
Par Pacific stock opened at $22.99 on Tuesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.33 and a current ratio of 0.88. Par Pacific has a 52 week low of $11.66 and a 52 week high of $23.69. The stock has a market capitalization of $1.38 billion, a P/E ratio of 13.52 and a beta of 1.96. The stock has a fifty day moving average of $18.31 and a 200-day moving average of $16.83.
Institutional Investors Weigh In On Par Pacific
A number of institutional investors have recently made changes to their positions in PARR. Captrust Financial Advisors grew its position in shares of Par Pacific by 53.3% in the 1st quarter. Captrust Financial Advisors now owns 5,181 shares of the company’s stock valued at $67,000 after buying an additional 1,801 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Par Pacific by 12.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,513 shares of the company’s stock valued at $98,000 after buying an additional 854 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Par Pacific in the 2nd quarter valued at about $108,000. Point72 Hong Kong Ltd bought a new stake in shares of Par Pacific during the 2nd quarter valued at about $113,000. Finally, Shay Capital LLC bought a new stake in shares of Par Pacific during the 1st quarter valued at about $154,000. Institutional investors own 89.23% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on PARR shares. Cowen boosted their price target on Par Pacific from $21.00 to $28.00 in a report on Monday. StockNews.com started coverage on Par Pacific in a report on Wednesday, October 12th. They issued a “hold” rating for the company. JPMorgan Chase & Co. upped their target price on Par Pacific from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, October 18th. The Goldman Sachs Group cut Par Pacific from a “buy” rating to a “neutral” rating and upped their target price for the stock from $19.50 to $20.00 in a report on Thursday, August 18th. Finally, Cowen upped their target price on Par Pacific from $21.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.17.
About Par Pacific
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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