A better buy-in window may exist right now for Par Pacific Holdings Inc. (PARR)

Par Pacific Holdings Inc. (NYSE: PARR) stock jumped 4.96% on Tuesday to $24.96 against a previous-day closing price of $23.78. With 1.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.96 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $25.38 whereas the lowest price it dropped to was $23.81. The 52-week range on PARR shows that it touched its highest point at $25.13 and its lowest point at $11.66 during that stretch. It currently has a 1-year price target of $27.40. Beta for the stock currently stands at 2.08.

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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 up-trending over the past week, with a rise of 3.78%, but this was up by 8.57% over a month. Three-month performance surged to 31.72% while six-month performance rose 60.62%. The stock gained 87.11% in the past year, while it has gained 51.36% so far this year. A look at the trailing 12-month EPS for PARR yields 4.80 with Next year EPS estimates of 4.00. For the next quarter, that number is 1.90. This implies an EPS growth rate of 81.80% for this year and -47.87% for next year.

Float and Shares Shorts:

At present, 59.53 million PARR shares are outstanding with a float of 58.92 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.33 million, which was 5.54% higher than short shares on Sep 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 89.35% of PARR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.79% of PARR, in contrast to 36.61% held by mutual funds. Shares owned by individuals account for 19.72%. As the largest shareholder in PARR with 11.73% of the stake, BlackRock Fund Advisors holds 7,056,756 shares worth 7,056,756. A second-largest stockholder of PARR, The Vanguard Group, Inc., holds 3,956,761 shares, controlling over 6.58% of the firm’s shares. Rubric Capital Management LP is the third largest shareholder in PARR, holding 3,700,000 shares or 6.15% stake. With a 4.80% stake in PARR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,888,579 shares are owned by the mutual fund manager. The SPDR S&P Oil & Gas Exploration &, which owns about 2.79% of PARR stock, is the second-largest Mutual Fund holder. It holds 1,676,112 shares valued at 38.35 million. Vanguard Total Stock Market Index holds 2.71% of the stake in PARR, owning 1,632,175 shares worth 37.34 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 $29.00 and a low target of $24.00, the average target price over the next 12 months is $26.83. Based on these targets, PARR could surge 16.19% to reach the target high and fall by -3.85% to reach the target low. Reaching the average price target will result in a growth of 7.49% 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 $8.77 being high and $5.91 being low. For PARR, this leads to a yearly average estimate of $7.25. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Par Pacific Holdings Inc. surprised analysts by $0.88 when it reported $2.88 EPS against a consensus estimate of $2.00. The surprise factor in the prior quarter was $1.35. Based on analyst estimates, the high estimate for the next quarter is $3.14 and the low estimate is $1.24. The average estimate for the next quarter is thus $1.79.

Summary of Insider Activity:

Insiders traded PARR stock several times over the past three months with 6 Buys and 2 Sells. In these transactions, 7,021 shares were bought while 4,158 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 150 over the past year. The total number of shares bought during that period was 183,758 while 6,542,560 shares were sold.

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