Par Pacific Holdings Inc. (NYSE: PARR) stock jumped 0.28% on Tuesday to $21.55 against a previous-day closing price of $21.49. With 1.39 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.94 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $22.17 whereas the lowest price it dropped to was $21.50. The 52-week range on PARR shows that it touched its highest point at $30.49 and its lowest point at $13.72 during that stretch. It currently has a 1-year price target of $29.60. Beta for the stock currently stands at 2.05.
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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 1.17%, but this was down by -10.10% over a month. Three-month performance dropped to -16.60% while six-month performance fell -12.93%. The stock gained 34.44% in the past year, while it has lost -7.31% so far this year. A look at the trailing 12-month EPS for PARR yields 12.27 with Next year EPS estimates of 3.29. For the next quarter, that number is 1.13. This implies an EPS growth rate of 535.90% for this year and -35.32% for next year.
Float and Shares Shorts:
At present, 60.11 million PARR shares are outstanding with a float of 58.92 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.62 million, which was 5.93% higher than short shares on Mar 30, 2023. In addition to Mr. William C. Pate as the firm’s CEO & Director, Mr. William Monteleone serves as its Pres & Director.
Institutional Ownership:
Through their ownership of 96.70% of PARR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.74% of PARR, in contrast to 42.08% held by mutual funds. Shares owned by individuals account for 19.81%. As the largest shareholder in PARR with 11.51% of the stake, BlackRock Fund Advisors holds 6,987,906 shares worth 6,987,906. A second-largest stockholder of PARR, The Vanguard Group, Inc., holds 4,709,491 shares, controlling over 7.76% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in PARR, holding 3,666,319 shares or 6.04% stake. With a 4.76% 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 Vanguard Total Stock Market ETF, which owns about 2.75% of PARR stock, is the second-largest Mutual Fund holder. It holds 1,671,199 shares valued at 39.16 million. Pacer Fds. Tr. – US Small Cap Cas holds 1.75% of the stake in PARR, owning 1,061,293 shares worth 24.87 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, PARR reported revenue of $2.11B and operating income of $174.04M. The EBITDA in the recently reported quarter was $199.67M and diluted EPS was $2.50.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PARR since 0 analysts follow the stock currently. 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 $34.00 and a low target of $25.00, the average target price over the next 12 months is $29.71. Based on these targets, PARR could surge 57.77% to reach the target high and rise by 16.01% to reach the target low. Reaching the average price target will result in a growth of 37.87% 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.
Summary of Insider Activity:
Insiders traded PARR stock several times over the past three months with 7 Buys and 8 Sells. In these transactions, 22,611 shares were bought while 26,178 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 53 over the past year. The total number of shares bought during that period was 165,416 while 1,769,959 shares were sold.
