Par Pacific (PARR) to Release Earnings on Tuesday

Par Pacific (NYSE:PARR - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect Par Pacific to post earnings of ($0.15) per share and revenue of $1.68 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Par Pacific Stock Performance

PARR traded down $0.16 during midday trading on Wednesday, reaching $15.77. The company's stock had a trading volume of 1,479,278 shares, compared to its average volume of 946,734. The stock has a market cap of $882.05 million, a P/E ratio of 3.06 and a beta of 1.99. The company has a fifty day simple moving average of $16.77 and a 200 day simple moving average of $18.13. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. Par Pacific has a twelve month low of $14.84 and a twelve month high of $40.69.

Insider Buying and Selling

In other Par Pacific news, Director William Pate sold 67,700 shares of Par Pacific stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $16.22, for a total value of $1,098,094.00. Following the completion of the transaction, the director now owns 524,610 shares in the company, valued at approximately $8,509,174.20. The trade was a 11.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com raised Par Pacific from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. The Goldman Sachs Group reduced their price objective on Par Pacific from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Raymond James began coverage on Par Pacific in a research report on Friday, January 24th. They issued an "outperform" rating and a $25.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Par Pacific from $27.00 to $26.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Finally, Mizuho downgraded Par Pacific from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $26.00 to $22.00 in a research report on Monday, December 16th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $25.29.

Par Pacific Company Profile

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.