Par Pacific (PARR) Set to Announce Quarterly Earnings on Monday

Par Pacific (NYSE:PARR) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Par Pacific to post earnings of $1.22 per share for the quarter. Investors that wish to listen to the company’s earnings conference call can do so using this link.

Par Pacific (NYSE:PARR) last posted its earnings results on Tuesday, February 27th. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03). The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.45 billion. Par Pacific had a net margin of 8.85% and a return on equity of 47.63%. On average, analysts expect Par Pacific to post $5 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Par Pacific Stock Performance

Par Pacific stock opened at $30.84 on Friday. The firm has a market capitalization of $1.83 billion, a PE ratio of 2.58 and a beta of 1.98. Par Pacific has a one year low of $20.30 and a one year high of $40.69. The stock’s 50 day moving average price is $35.57 and its 200 day moving average price is $35.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.54 and a current ratio of 1.30.

Insiders Place Their Bets

In other news, CAO Ivan Daniel Guerra sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $37.49, for a total transaction of $224,940.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,200 shares in the company, valued at approximately $607,338. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Par Pacific news, CAO Ivan Daniel Guerra sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $37.49, for a total transaction of $224,940.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,200 shares of the company’s stock, valued at approximately $607,338. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey Ryan Hollis sold 4,700 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $37.39, for a total transaction of $175,733.00. Following the completion of the sale, the insider now directly owns 13,176 shares of the company’s stock, valued at approximately $492,650.64. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Par Pacific from $43.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. StockNews.com downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Par Pacific has an average rating of “Hold” and an average price target of $36.75.

About Par Pacific

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.