Par Pacific Holdings Inc (NYSE:PARR) price on current trading day, rose 2.27% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $22.54.
A look at the stock’s price movement, the close in the last trading session was $22.04, moving within a range at $21.985 and $22.61. The beta value (5-Year monthly) was 2.007 while the PE ratio in trailing twelve months stood at 2.88. Turning to its 52-week performance, $40.69 and $21.65 were the 52-week high and 52-week low respectively. Overall, PARR moved -9.15% over the past month.
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Par Pacific Holdings Inc’s market cap currently stands at around $1.27 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-04.
Analysts have a consensus estimate of 1.99B for the company’s revenue for the quarter, with a low and high estimate of 1.79B and 2.37B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.78B, representing a -5.50% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PARR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend PARR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PARR’s current price about -6.03% and -7.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.70, while 7-day volatility ratio is 3.85% and 4.36% in the 30-day chart. Further, Par Pacific Holdings Inc (PARR) has a beta value of 2.01, and an average true range (ATR) of 0.98. Analysts have given the company’s stock an average 52-week price target of $37, forecast between a low of $37 and high of $37. Looking at the price targets, the low is -64.15% off current price level while to achieve the yearly target high, price needs to move -64.15%. Nonetheless, investors will most likely welcome a -64.15% jump to $37 which is the analysts’ median price.
If we refocus on Par Pacific Holdings Inc (NYSE:PARR), historical trading data shows that trading volumes averaged 0.96 over the past 10 days and 861.54K over the past 3 months. The company’s latest data on shares outstanding shows there are 59.76 million shares.
The 2.64% of Par Pacific Holdings Inc’s shares are in the hands of company insiders while institutional holders own 96.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.19 million on 2024-07-31, giving us a short ratio of 2.85. The data shows that as of 2024-07-31 short interest in Par Pacific Holdings Inc (PARR) stood at 467.0 of shares outstanding, with shares short falling to 2.71 million registered in 2024-06-28. Current price change has pushed the stock -38.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PARR stock continues to rise going into the next quarter.
