The stock of Par Pacific Holdings Inc. (NYSE:PARR) decreased by -$0.48 on Tuesday to finish at $33.78, down -1.40 percent. The last five days have seen an average of 2,223,320 shares of common stock traded. 34 times new highs were reached in the current year, with a gain of $10.53. The average number of shares traded over the last 20 days was 1,263,185, while the average volume over the last 50 days totaled 977,436.
PARR stock dropped -3.71% since last month. On 08/31/23, the company’s shares reached a one-month low of $33.48. The stock touched a high of $37.50 on 09/11/23, after rallying from a low of $14.42 in 52 weeks. The price of PARR stock has risen by 45.29% or $10.53 this year, reaching a new high 34 times. Still, the stock price is down -9.92% from the 52-week high.
Insider Transactions
PARR stock investors should be aware that Par Pacific Holdings Inc. (PARR) stock had its last reported insider trading activity 37 days ago on Aug 14. On Aug 14, Chief Executive Officer PATE WILLIAM sold 115,099 shares at $34.85 each. This transaction resulted in the insider making $4,011,200. On Aug 14, Monteleone William sold 14,063 shares at a price of US$34.98. After the transaction, the insider now owns 309,720 shares. Flores Shawn David had earlier sold 6,266 shares on Aug 14 for $36.69 a share. The transaction was completed for $229,900.
Valuation Metrics
Par Pacific Holdings Inc. (PARR) has a trailing price-to-earnings (P/E) ratio of 3.29. Beta for the stock is 2.08. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.28, the price-to-book (PB) ratio of 2.22, and the price-to-cash flow ratio of 3.06.
Financial Health
For the recent quarter, Par Pacific Holdings Inc.’s quick ratio was 0.40, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.63, and the total debt to equity ratio is 0.64. As far as profitability goes, gross margin for the trailing twelve months is 12.10% percent. Par Pacific Holdings Inc.’s EBITDA margin for the recent year was 8.93%, whereas its operating margin stood at 9.20% for the same period. Based on annual data, it had gross profit of $437.9 million and revenue of $7.32 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PARR’s return on assets (ROA) during the last 12 months has been 18.60%. There was a 37.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 82.70%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.78 billion, while revenues fell by -18.07% to $1.69 billion. EBITDA was $74.65 million for the quarter. At the end of Par Pacific Holdings Inc.’s most recent quarter, its liabilities totaled 2.69 billion, while its total debt was $927.3 million. Equity owned by shareholders amounts to $61.07 million.
Technical Picture
Here’s a quick look at Par Pacific Holdings Inc.’s (PARR) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 33.88%, suggesting the stock is Neutral, with a 23.28% historical volatility rate.
The stochastic %K and %D were 16.67% and 24.21% respectively, while the average true range (ATR) was 1.13. Based on the 14-day stochastic reading of 7.46%, the RSI (14) reading is 43.68%. On the 9-day MACD Oscillator, the stock is at -1.14, and the 14-day reading is at -1.12.
Analyst Ratings
In a note to investors, TD Cowen maintained its an Outperform rating on Par Pacific Holdings Inc. (NYSE: PARR). However, the firm raised their price target to $28, indicating a possible decrease of -5.56% in the stock price. Analysts have assigned Par Pacific Holdings Inc. (PARR) an Overweight rating. PARR is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is PARR’s price target for the next 12 months?
The current consensus forecast for the stock is between $34.00 and $47.00, with a median target price of $38.50. In analyzing these forecasts, the average price target given by analysts for Par Pacific Holdings Inc. (PARR) is $38.83.
