As of Friday close, Par Pacific Holdings Inc.’s (NYSE:PARR) stock was up $0.05, moving up 0.19 percent to $26.68. The average number of shares traded per day over the past five days has been 1,465,560 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.89 fall in that time frame. In the last twenty days, the average volume was 994,465, while in the previous 50 days, it was 850,306.
Since last month, PARR stock retreated -4.95%. Shares of the company fell to $24.73 on 03/15/23, the lowest level in the past month. A 52-week high of $29.89 was reached on 03/03/23 after having rallying from a 52-week low of $11.78. Since the beginning of this year, PARR’s stock price has risen by 14.75% or $3.43, and marked a new high 16 times. However, the stock has declined by -10.75% since its 52-week high.
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Sponsored
PARR stock investors should be aware that Par Pacific Holdings Inc. (PARR) stock had its last reported insider trading activity 15 days ago on Mar 03. Cooper L Melvin, the Director of the company, disposed of 2,000 shares for $29.85 on Mar 03. It resulted in a $59,700 divestment by the insider. Guerra Ivan Daniel sold 7,500 shares at an average price of $28.28 on Feb 28. The insider now owns 18,925 shares following the transaction. On Feb 27, President Monteleone William sold 13,589 shares at $28.41 apiece. The transaction was valued at $386,063.
Valuation Metrics
Right now, Par Pacific Holdings Inc. (PARR) has a P/E ratio of about 4.40. The stock’s beta is 2.06. Besides these, the trailing price-to-sales (P/S) ratio of 0.22, the price-to-book (PB) ratio of 2.47, and the price-to-cash flow ratio of 4.08 may also be considered.
Financial Health
In the three months ended December 30, Par Pacific Holdings Inc.’s quick ratio stood at 0.50, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.78, and the total debt-to-equity ratio was 0.80. On the profitability front, the trailing twelve-month gross margin is 8.20% percent. In the year ended December 30, operating margins totaled 5.90%. Based on annual data, PARR earned $437.9 million in gross profit and brought in $7.32 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 37.30%. Return on equity (ROE) for the past 12 months was 91.30%.
In Par Pacific Holdings Inc.’s quarter-end financial report for December 30, it reported total debt of $494.58 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PARR’s revenue rose 28.49% to $2.06 billion during the quarter, while net income inched up to $1.81 billion. While analysts expected Par Pacific Holdings Inc. to report $1.9 quarterly earnings, the actual figure was $2.2 per share, beating the consensus estimate by 15.80%. During the quarter, the company generated $126.08 million in EBITDA. The liabilities of Par Pacific Holdings Inc. were 2.64 billion at the end of its most recent quarter ended December 30, and its total debt was $872.41 million. The value of shareholders’ equity is $60.67 million.
Technical Picture
This quick technical analysis looks at Par Pacific Holdings Inc.’s (PARR) price momentum. With a historical volatility rate of 42.17%, the RSI 9-day stood at 43.49% on 17 March.
With respect to its five-day moving average, the current Par Pacific Holdings Inc. price is down by -3.23% percent or -$0.89. At present, PARR shares trade -2.88% below its 20-day simple moving average and +16.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +22.67% above its SMA50 and +62.68% above its SMA200.
Stochastic coefficient K was 31.12% and Stochastic coefficient D was 28.65%, while ATR was 1.39. Given the Stochastic reading of 37.77% for the 14-day period, the RSI (14) reading has been calculated as 46.65%. As of today, the MACD Oscillator reading stands at -0.94, while the 14-day reading stands at -1.58.
With a median target price of $32.00, the current consensus forecast for the stock is $26.00 – $39.00. Based on these forecasts, analysts predict Par Pacific Holdings Inc. (PARR) will achieve an average price target of $31.57.