Par Pacific Holdings Inc (NYSE:PARR) price on Thursday, February 27, rose 1.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $14.10.
A look at the stock’s price movement, the close in the last trading session was $13.94. Turning to its 52-week performance, $40.69 and $13.74 were the 52-week high and 52-week low respectively. Overall, PARR moved -17.59% over the past month.
Par Pacific Holdings Inc’s market cap currently stands at around $788.92 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.49B for the company’s revenue for the quarter, with a low and high estimate of 1.42B and 1.55B respectively. The average forecast suggests down to a -24.78% 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 6.19B, representing a -22.32% 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 -13.04% and -14.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.10, while 7-day volatility ratio is 8.24% and 6.14% in the 30-day chart. Further, Par Pacific Holdings Inc (PARR) has a beta value of 2.02, and an average true range (ATR) of 0.97. 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 -48.94% off current price level while to achieve the yearly target high, price needs to move -84.4%. Nonetheless, investors will most likely welcome a -70.21% 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 1.01 million over the past 3 months. The company’s latest data on shares outstanding shows there are 55.95 million shares.
The 4.79% of Par Pacific Holdings Inc’s shares are in the hands of company insiders while institutional holders own 93.05% of the company’s shares. Current price change has pushed the stock -13.97% 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.
