Par Pacific (NYSE:PARR) Issues Quarterly Earnings Results

Par Pacific (NYSE:PARR) released its earnings results on Tuesday. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.64), Zacks reports. Par Pacific had a return on equity of 10.06% and a net margin of 3.74%.

Par Pacific Stock Performance

PARR stock traded down $0.20 during mid-day trading on Tuesday, reaching $15.39. The company had a trading volume of 1,182,878 shares, compared to its average volume of 977,124. Par Pacific has a one year low of $14.84 and a one year high of $40.69. The stock has a market capitalization of $860.82 million, a P/E ratio of 2.98 and a beta of 1.99. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.84. The stock’s 50-day simple moving average is $16.74 and its two-hundred day simple moving average is $17.90.

Insider Transactions at Par Pacific

In other news, Director William Pate sold 67,700 shares of Par Pacific stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $16.22, for a total transaction of $1,098,094.00. Following the sale, the director now owns 524,610 shares of the company’s stock, valued at approximately $8,509,174.20. The trade was a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PARR shares. Mizuho downgraded Par Pacific from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $22.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. reduced their target price on Par Pacific from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group lowered their price target on Par Pacific from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Raymond James started coverage on Par Pacific in a research note on Friday, January 24th. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, StockNews.com raised shares of Par Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.29.

About Par Pacific

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.