Par Pacific Holdings Inc (NYSE:PARR) price on Friday, February 07, fall -3.19% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.41.
A look at the stock’s price movement, the close in the last trading session was $16.95, moving within a range at $16.38 and $17.05. The beta value (5-Year monthly) was 1.994 while the PE ratio in trailing twelve months stood at 3.18. Turning to its 52-week performance, $40.69 and $14.84 were the 52-week high and 52-week low respectively. Overall, PARR moved -2.90% over the past month.
Par Pacific Holdings Inc’s market cap currently stands at around $918.18 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.68B for the company’s revenue for the quarter, with a low and high estimate of 1.4B and 2.29B respectively. The average forecast suggests down to a -23.08% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.82B, representing a -4.97% 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 Hold. 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 -6.12% and -2.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.31, while 7-day volatility ratio is 5.85% and 5.00% in the 30-day chart. Further, Par Pacific Holdings Inc (PARR) has a beta value of 1.99, and an average true range (ATR) of 0.85. Analysts have given the company’s stock an average 52-week price target of $24, forecast between a low of $21 and high of $26. Looking at the price targets, the low is -27.97% off current price level while to achieve the yearly target high, price needs to move -58.44%. Nonetheless, investors will most likely welcome a -46.25% jump to $24 which is the analysts’ median price.
If we refocus on Par Pacific Holdings Inc (NYSE:PARR), historical trading data shows that trading volumes averaged 0.83 over the past 10 days and 918.45K over the past 3 months. The company’s latest data on shares outstanding shows there are 55.99 million shares.
The 4.70% of Par Pacific Holdings Inc’s shares are in the hands of company insiders while institutional holders own 92.14% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.06 million on 2025-01-15, giving us a short ratio of 2.95. The data shows that as of 2025-01-15 short interest in Par Pacific Holdings Inc (PARR) stood at 665.99995 of shares outstanding, with shares short falling to 3.64 million registered in 2024-12-13. Current price change has pushed the stock 0.12% 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.
