Piper Sandler has recently reduced Par Pacific Holdings Inc (PARR) stock to Neutral rating, as announced on September 20, 2024, according to Finviz. Earlier, on September 9, 2024, Tudor, Pickering, Holt & Co. had reduced the stock from a Buy to Hold. TD Cowen also reiterated Buy rating with a price target of $32. Additionally, Mizuho initiated Outperform rating on July 17, 2024, with a target price of $33. TD Cowen analysts, in their report published on June 25, 2024, also reiterated Buy rating and set a price target of $36 for Par Pacific Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Sponsored
Par Pacific Holdings Inc (PARR) Stock Trading Recap
On Tuesday, Par Pacific Holdings Inc (PARR) stock saw a decline, ending the day at $17.53 which represents a decrease of $-0.07 or -0.40% from the prior close of $17.6. The stock opened at $17.28 and touched a low of $17.22 during the day, reaching a high of $17.72. The volume of shares traded was 1.15 million exceeding the average volume of 1.02 million.
PARR Stock Performance and Moving Averages
In recent trading, Par Pacific Holdings Inc (PARR) stock price has shown some volatility, fluctuating -3.84% over the last five trades and -21.88% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -53.05%, and it has plunged by -31.79% in the previous three months. Currently, PARR is trading at -7.90%, -19.48%, and -41.14% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, PARR, a Energy sector stock, is trading -56.92% below its 52-week high but remains 2.73% above its 52-week low. The Average True Range (ATR) (14 days) of 0.83 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Par Pacific Holdings Inc’s Profitability and Valuation Ratios
Par Pacific Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 5.75% and a profit margin of 5.43%, with a gross margin of -53.05%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Par Pacific Holdings Inc’s market capitalization stands at $987.46 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 2.24, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 7.81. Additionally, the Price-to-Sales Ratio is 0.11, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.79, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.72% of Par Pacific Holdings Inc (PARR)’s shares, while financial institutions hold 94.71%.
Notable insider trades include Guerra Ivan Daniel, Chief Accounting Officer at Par Pacific Holdings Inc (PARR), who sold 6000 shares on Mar 13 ’24, at $37.49 each, totaling $0.22 million. On Mar 13 ’24, Hollis Jeffrey Ryan, See Remarks, sold 4700 shares for $37.39 each, amounting to $0.18 million. Additionally, on Nov 27 ’23, PATE WILLIAM sold 75000 shares at $35.03 each, generating $2.63 million.
