Par Pacific (PARR) Set to Announce Earnings on Monday

Par Pacific (NYSE:PARR) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Par Pacific to post earnings of $1.22 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Par Pacific (NYSE:PARR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.03). The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.45 billion. Par Pacific had a return on equity of 47.63% and a net margin of 8.85%. 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 Price Performance

NYSE:PARR opened at $30.84 on Friday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 2.59 and a beta of 1.98. Par Pacific has a 12-month low of $20.30 and a 12-month high of $40.69. The company has a current ratio of 1.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average is $35.74 and its two-hundred day moving average is $35.20.

Insider Transactions at Par Pacific

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PARR. StockNews.com cut shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Piper Sandler increased their target price on shares of Par Pacific from $43.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.