Par Pacific Holdings Inc (NYSE: PARR)’s stock price has soared by 1.89 in relation to previous closing price of 29.07. Nevertheless, the company has seen a loss of -4.48% in its stock price over the last five trading days. GlobeNewsWire reported 2024-05-07 that HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) — Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that members of its management team will participate in the following investor conferences.
Is It Worth Investing in Par Pacific Holdings Inc (NYSE: PARR) Right Now?
The price-to-earnings ratio for Par Pacific Holdings Inc (NYSE: PARR) is above average at 3.71x, Company’s 36-month beta value is 2.03.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PARR is 57.59M, and currently, short sellers hold a 5.63% ratio of that floaft. The average trading volume of PARR on May 10, 2024 was 925.14K shares.
PARR’s Market Performance
PARR stock saw a decrease of -4.48% in the past week, with a monthly decline of -15.35% and a quarterly a decrease of -23.74%. The volatility ratio for the week is 4.11%, and the volatility levels for the last 30 days are 3.31% for Par Pacific Holdings Inc (PARR). The simple moving average for the past 20 days is -7.12% for PARR’s stock, with a -14.85% simple moving average for the past 200 days.
Analysts’ Opinion of PARR
Many brokerage firms have already submitted their reports for PARR stocks, with TD Cowen repeating the rating for PARR by listing it as a “Buy.” The predicted price for PARR in the upcoming period, according to TD Cowen is $42 based on the research report published on May 08, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see PARR reach a price target of $28, previously predicting the price at $32. The rating they have provided for PARR stocks is “Outperform” according to the report published on May 05th, 2023.
UBS gave a rating of “Neutral” to PARR, setting the target price at $34 in the report published on March 09th of the previous year.
PARR Trading at -15.39% from the 50-Day Moving Average
After a stumble in the market that brought PARR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.21% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 4.11%, as shares sank -15.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.89% lower at present.
During the last 5 trading sessions, PARR fell by -4.48%, which changed the moving average for the period of 200-days by -1.79% in comparison to the 20-day moving average, which settled at $31.62. In addition, Par Pacific Holdings Inc saw -18.56% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PARR starting from Guerra Ivan Daniel, who sale 6,000 shares at the price of $37.49 back on Mar 13 ’24. After this action, Guerra Ivan Daniel now owns 16,200 shares of Par Pacific Holdings Inc, valued at $224,940 using the latest closing price.
Hollis Jeffrey Ryan, the of Par Pacific Holdings Inc, sale 4,700 shares at $37.39 during a trade that took place back on Mar 13 ’24, which means that Hollis Jeffrey Ryan is holding 13,176 shares at $175,733 based on the most recent closing price.
Stock Fundamentals for PARR
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.12 for the gross margin
The net margin for Par Pacific Holdings Inc stands at 0.09. The total capital return value is set at 0.24. Equity return is now at value 44.29, with 13.72 for asset returns.
Based on Par Pacific Holdings Inc (PARR), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.99. The interest coverage ratio of the stock is 7.83.
Currently, EBITDA for the company is 855.9 million with net debt to EBITDA at 1.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.38. The receivables turnover for the company is 22.42for trailing twelve months and the total asset turnover is 2.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
In a nutshell, Par Pacific Holdings Inc (PARR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
