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Wednesday, December 6, 2023

The Street Is Finally Waking Up To Par Pacific Holdings Inc (NYSE: PARR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Par Pacific Holdings Inc (PARR) shows that investor sentiment remained same, with the stock’s consolidated last price to $32.87. The Par Pacific Holdings Inc has recorded 285,547 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Par Pacific Holdings Reports Third Quarter 2023 Results.

Stocks Info

Par Pacific Holdings Inc is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Refining & Marketing industry. At the end of the last regular session, the stock closed at $32.87 and fluctuated between $33.03 as its day high and $31.82 as its day low. The current market capitalization of Par Pacific Holdings Inc is $1.99B. A total of 0.68 million shares were traded on the day, compared to an average of 1.03M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PARR has seen 2 BUY and 4 SELL insider trades, representing the acquisition of 168,921 and the disposition of 138,553 shares. Over the last 12 months, there were 42 BUYs and 31 SELLs from insiders. Insiders purchased 331,680 shares during that period but sold 186,507.

In the most recent transaction, PATE WILLIAM sold 115,099 shares of PARR for 34.85 per share on Aug 14. After the transaction, the Chief Executive Officer now owns 483,019 company shares. In a previous transaction on Aug 14, Monteleone William sold 14,063 shares at 34.98 per share. PARR shares that President owns now total 309,720.

Among the insiders who sold shares, Flores Shawn David disposed of 6,266 shares on Aug 14 at a per-share price of $36.69. This resulted in the insider holding 25,203 shares of PARR after the transaction. In another insider transaction, Hollis Jeffrey Ryan sold 3,125 shares at $36.69 per share on Aug 14. Company shares held by the insider now total 14,590.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PARR in the last 3 months, the mean price target is $39.00 with high estimates of $44.00 and low estimates of $36.00. In terms of 52-week highs and lows, PARR has a high of $37.50 and a low of $19.39.

As of this writing, PARR has an earnings estimate of $3.15 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $3.28 per share and a lower estimate of $3. The company reported an EPS of $2.25 in the last quarter, which was 16.00% higher than expectations of $1.94.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PARR’s latest balance sheet shows that the firm has $112.22M in Cash & Short Term Investments as of fiscal 2021. There were $960.98M in debt and $1.36B in liabilities at the time. Its Book Value Per Share was $17.70, while its Total Shareholder’s Equity was $265.70M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PARR is Buy with a score of 3.80.

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