Par Pacific Holdings Inc (NYSE: PARR)’s stock price has increased by 3.31 compared to its previous closing price of 17.53. However, the company has seen a 4.74% increase in its stock price over the last five trading sessions. benzinga.com reported 2024-10-02 that Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Is It Worth Investing in Par Pacific Holdings Inc (NYSE: PARR) Right Now?
Par Pacific Holdings Inc (NYSE: PARR) has a higher price-to-earnings ratio of 2.32x compared to its average ratio, The 36-month beta value for PARR is at 1.98. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PARR is 54.80M, and currently, shorts hold a 4.79% of that float. The average trading volume for PARR on October 03, 2024 was 1.02M shares.
PARR’s Market Performance
PARR stock saw a decrease of 4.74% in the past week, with a monthly decline of -16.47% and a quarterly a decrease of -29.75%. The volatility ratio for the week is 3.99%, and the volatility levels for the last 30 days are 4.43% for Par Pacific Holdings Inc (PARR). The simple moving average for the last 20 days is -3.81% for PARR stock, with a simple moving average of -39.03% for the last 200 days.
Analysts’ Opinion of PARR
Piper Sandler, on the other hand, stated in their research note that they expect to see PARR reach a price target of $23, previously predicting the price at $37. The rating they have provided for PARR stocks is “Neutral” according to the report published on September 20th, 2024.
PARR Trading at -16.34% 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 -55.50% of loss for the given period.
Volatility was left at 4.43%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares sank -15.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.65% lower at present.
During the last 5 trading sessions, PARR rose by +4.74%, which changed the moving average for the period of 200-days by -48.06% in comparison to the 20-day moving average, which settled at $18.66. In addition, Par Pacific Holdings Inc saw -50.21% 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:
- 0.03 for the present operating margin
- 0.06 for the gross margin
The net margin for Par Pacific Holdings Inc stands at 0.05. The total capital return value is set at 0.11. Equity return is now at value 43.53, with 12.60 for asset returns.
Based on Par Pacific Holdings Inc (PARR), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 1.09. The interest coverage ratio of the stock is 3.7.
Currently, EBITDA for the company is 855.9 million with net debt to EBITDA at 3.53. When we switch over and look at the enterprise to sales, we see a ratio of 0.29. The receivables turnover for the company is 18.02for trailing twelve months and the total asset turnover is 2.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.63.
Conclusion
In conclusion, Par Pacific Holdings Inc (PARR) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
