Par Pacific (PARR) Expected to Announce Earnings on Tuesday

Par Pacific (NYSE:PARR) is projected to announce its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.15) per share and revenue of $1.68 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Par Pacific Stock Performance

NYSE PARR opened at $15.60 on Monday. The stock’s fifty day moving average is $16.73 and its two-hundred day moving average is $17.96. The firm has a market capitalization of $872.54 million, a P/E ratio of 3.02 and a beta of 1.99. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 1.69. Par Pacific has a fifty-two week low of $14.84 and a fifty-two week high of $40.69.

Insider Buying and Selling at Par Pacific

In other news, Director William Pate sold 67,700 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the sale, the director now owns 524,610 shares of the company’s stock, valued at approximately $8,509,174.20. This trade represents a 11.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PARR has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Raymond James initiated coverage on Par Pacific in a research note on Friday, January 24th. They issued an “outperform” rating and a $25.00 price target on the stock. Mizuho lowered Par Pacific from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $26.00 to $22.00 in a research note on Monday, December 16th. The Goldman Sachs Group decreased their target price on Par Pacific from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com raised Par Pacific from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.29.

Par Pacific Company Profile

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.