Par Pacific Holdings Inc (NYSE: PARR) closed the day trading at $39.22 up 2.16% from the previous closing price of $38.39. In other words, the price has increased by $+0.83 from its previous closing price. On the day, 617237 shares were traded. PARR stock price reached its highest trading level at $39.32 during the session, while it also had its lowest trading level at $37.56.
Ratios:
For a better understanding of PARR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.97. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 1.21 whereas as Long-Term Debt/Eq ratio is at 0.71.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on May 05, 2023, Reiterated its Outperform rating but revised its target price to $28 from $32 previously.
On March 09, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $34.
Piper Sandler Upgraded its Neutral to Overweight on January 20, 2023, whereas the target price for the stock was revised from $27 to $33.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 13 ’24 when Guerra Ivan Daniel sold 6,000 shares for $37.49 per share. The transaction valued at 224,940 led to the insider holds 16,200 shares of the business.
Hollis Jeffrey Ryan sold 4,700 shares of PARR for $175,733 on Mar 13 ’24. The insider now owns 13,176 shares after completing the transaction at $37.39 per share. On Nov 28 ’23, another insider, PATE WILLIAM, who serves as the Chief Executive Officer of the company, sold 75,000 shares for $34.73 each. As a result, the insider received 2,604,750 and left with 483,019 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PARR now has a Market Capitalization of 2.33B and an Enterprise Value of 3.07B. As of this moment, Par’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.28, and their Forward P/E ratio for the next fiscal year is 13.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 1.75. Its current Enterprise Value per Revenue stands at 0.37 whereas that against EBITDA is 3.81.
Stock Price History:
The Beta on a monthly basis for PARR is 1.96, which has changed by 42.98% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. Over the past 52 weeks, PARR has reached a high of $40.69, while it has fallen to a 52-week low of $20.30. The 50-Day Moving Average of the stock is 36.74, while the 200-Day Moving Average is calculated to be 33.34.
Shares Statistics:
Over the past 3-months, PARR traded about 837.60K shares per day on average, while over the past 10 days, PARR traded about 1.13M shares per day. A total of 59.76M shares are outstanding, with a floating share count of 57.88M. Insiders hold about 2.84% of the company’s shares, while institutions hold 94.08% stake in the company. Shares short for PARR as of Feb 29, 2024 were 2.46M with a Short Ratio of 2.94, compared to 2.6M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.13% and a Short% of Float of 4.90%.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of $1.43 for the current quarter, with a high estimate of $1.73 and a low estimate of $1.25, while EPS last year was $2.25. The consensus estimate for the next quarter is $1.45, with high estimates of $2.26 and low estimates of $0.93.
Analysts are recommending an EPS of between $6.25 and $4.08 for the fiscal current year, implying an average EPS of $4.99. EPS for the following year is $2.99, with 5 analysts recommending between $3.9 and $1.06.
Revenue Estimates
3 analysts predict $1.8B in revenue for the current quarter. It ranges from a high estimate of $2.04B to a low estimate of $1.64B. As of the current estimate, Par Pacific Holdings Inc’s year-ago sales were $1.69B, an estimated increase of 6.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $1.86B, an increase of 15.40% over than the figure of $6.80% in the same quarter last year. There is a high estimate of $2.07B for the next quarter, whereas the lowest estimate is $1.71B.
A total of 3 analysts have provided revenue estimates for PARR’s current fiscal year. The highest revenue estimate was $8.5B, while the lowest revenue estimate was $6.67B, resulting in an average revenue estimate of $7.39B. In the same quarter a year ago, actual revenue was $8.23B, down -10.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $6.95B in the next fiscal year. The high estimate is $8.78B and the low estimate is $5.78B. The average revenue growth estimate for next year is down -5.90% from the average revenue estimate for this year.
