Par Pacific (PARR) Set to Announce Quarterly Earnings on Monday

Par Pacific (NYSE:PARR - Get Free Report) will release its earnings data after the market closes on Monday, November 4th. Analysts expect Par Pacific to post earnings of ($0.12) per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Par Pacific (NYSE:PARR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.36. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.82 billion. Par Pacific had a return on equity of 26.40% and a net margin of 5.43%. The company's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the company earned $1.73 EPS. On average, analysts expect Par Pacific to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Par Pacific Trading Up 1.6 %

Shares of NYSE PARR traded up $0.27 during trading hours on Monday, hitting $17.10. 588,158 shares of the company traded hands, compared to its average volume of 897,395. The company's 50 day moving average price is $19.25 and its 200 day moving average price is $24.13. Par Pacific has a 12 month low of $16.18 and a 12 month high of $40.69. The stock has a market capitalization of $963.24 million, a price-to-earnings ratio of 2.19 and a beta of 1.98. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.84.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PARR. UBS Group reduced their target price on shares of Par Pacific from $40.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, August 19th. Tudor, Pickering, Holt & Co. downgraded shares of Par Pacific from a "buy" rating to a "hold" rating in a report on Monday, September 9th. JPMorgan Chase & Co. raised shares of Par Pacific from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $36.00 to $30.00 in a research note on Wednesday, October 2nd. Piper Sandler lowered Par Pacific from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $37.00 to $23.00 in a research report on Friday, September 20th. Finally, The Goldman Sachs Group reduced their price target on Par Pacific from $32.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $28.00.

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.