Does Par Pacific Holdings Inc. (PARR) offer a good opportunity for investors?

Par Pacific Holdings Inc. (NYSE: PARR) stock jumped 8.99% on Wednesday to $16.36 against a previous-day closing price of $15.01. With 0.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $16.44 whereas the lowest price it dropped to was $15.16. The 52-week range on PARR shows that it touched its highest point at $21.10 and its lowest point at $11.66 during that stretch. It currently has a 1-year price target of $21.25. Beta for the stock currently stands at 2.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PARR was down-trending over the past week, with a drop of -0.06%, but this was down by -16.40% over a month. Three-month performance surged to 1.61% while six-month performance rose 30.05%. The stock gained 1.24% in the past year, while it has lost -0.79% so far this year. A look at the trailing 12-month EPS for PARR yields 1.70 with Next year EPS estimates of 1.77. For the next quarter, that number is 1.74. This implies an EPS growth rate of 81.80% for this year and -65.09% for next year.

Float and Shares Shorts:

At present, 59.48 million PARR shares are outstanding with a float of 58.83 million shares on hand for trading. On Jul 14, 2022, short shares totaled 2.49 million, which was 4.14% higher than short shares on Jun 14, 2022. In addition to Mr. William C. Pate as the firm’s Pres, CEO & Director, Mr. William Monteleone serves as its Exec. VP, CFO & Director.


Institutional Ownership:

Through their ownership of 83.56% of PARR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 58.34% of PARR, in contrast to 30.69% held by mutual funds. Shares owned by individuals account for 19.70%. As the largest shareholder in PARR with 11.12% of the stake, BlackRock Fund Advisors holds 6,690,987 shares worth 6,690,987. A second-largest stockholder of PARR, Rubric Capital Management LP, holds 3,700,000 shares, controlling over 6.15% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in PARR, holding 3,452,811 shares or 5.74% stake. With a 4.11% stake in PARR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,473,995 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.57% of PARR stock, is the second-largest Mutual Fund holder. It holds 1,546,026 shares valued at 29.07 million. iShares Russell 2000 ETF holds 1.87% of the stake in PARR, owning 1,126,121 shares worth 21.17 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PARR since 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PARR analysts setting a high price target of $22.00 and a low target of $19.00, the average target price over the next 12 months is $20.67. Based on these targets, PARR could surge 34.47% to reach the target high and rise by 16.14% to reach the target low. Reaching the average price target will result in a growth of 26.34% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PARR will report FY 2022 earnings on 02/28/2023. Analysts have provided yearly estimates in a range of $5.69 being high and $4.55 being low. For PARR, this leads to a yearly average estimate of $5.08. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Par Pacific Holdings Inc. surprised analysts by $1.35 when it reported $3.31 EPS against a consensus estimate of $1.96. The surprise factor in the prior quarter was -$0.21. Based on analyst estimates, the high estimate for the next quarter is $2.21 and the low estimate is $1.40. The average estimate for the next quarter is thus $1.74.

Summary of Insider Activity:

Insiders traded PARR stock several times over the past three months with 5 Buys and 0 Sells. In these transactions, 7,897 shares were bought while 0 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 164 over the past year. The total number of shares bought during that period was 194,529 while 7,102,662 shares were sold.

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