The Technical Story of Par Pacific Holdings Inc (PARR) Stock

TD Cowen lowered the price target for the Par Pacific Holdings Inc (NYSE:PARR) stock to “an Outperform”. The rating was released on May 05, 2023, according to finviz. The research report from Piper Sandler has upgraded the stock from Neutral to Overweight, with a price target set at $33. The stock was downgraded by Goldman, who disclosed in a research note on August 18, 2022, from Buy to Neutral and set the price objective to $20. In their research brief published April 06, 2021, Goldman analysts upgraded the Par Pacific Holdings Inc stock from Neutral to Buy with a price target of $20.

Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $1.08 during the last quarter as opposed to a consensus estimate of $1.06, which indicates the company beat its estimate by $0.02, which implies that the company surprised the market by 1.90%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is $1.38. This is an average of 6 analysts’ earnings, where the high earnings per share estimate is $1.73 and the low earnings per share estimate is $1.1. According to 3 analyst estimates, an average revenue estimate of $1.82B is projected for the current quarter with a high revenue estimate of $2.12B and a low estimate of $1.64B.

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The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -2.56% within the last five trades and 3.87% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 3.90% in the last 6 months and 2.67% was added to its value over the previous 3 months. PARR stock is trading at a margin of 0.91%, 0.23% and 10.34% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, PARR deals in the Energy domain. The stock is trading -8.24 percent below its 52-week high and 83.94 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 35.45. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Par Pacific Holdings Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 8.94 percent and the profit margin is 8.85 percent, and the company has reported a gross margin of 10.05 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $2.22 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Par Pacific Holdings Inc (NYSE:PARR) is 3.12. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 12.69. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.27 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.67, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 2.84 percent of Par Pacific Holdings Inc shares are owned by insiders, and 94.43 percent are held by financial institutions. Guerra Ivan Daniel, the Chief Accounting Officer at Par Pacific Holdings Inc (PARR) has sold 6,000 shares of firm on Mar 13 ’24 at a price of $37.49 against the total amount of $0.22 million. In another inside trade, Hollis Jeffrey Ryan, See Remarks of Par Pacific Holdings Inc (NYSE:PARR) sold 4,700 shares of the firm on Mar 13 ’24 for a total worth of $0.18 million at a price of $37.39. An inside trade which took place on Nov 28 ’23, Chief Executive Officer of Par Pacific Holdings Inc PATE WILLIAM sold 75,000 shares of firm against total price of $2.6 million at the cost of $34.73 per share.

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