Par Pacific (NYSE:PARR) Posts Earnings Results, Beats Estimates By $0.02 EPS

Par Pacific (NYSE:PARR) issued its quarterly earnings data on Monday. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02, Briefing.com reports. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $1.88 billion. Par Pacific had a return on equity of 9.96% and a net margin of 3.74%. The firm’s revenue was down 16.9% compared to the same quarter last year. During the same period last year, the business earned $3.15 EPS.

Par Pacific Trading Down 0.1 %

Par Pacific stock opened at $16.52 on Thursday. The business has a 50 day moving average price of $18.36 and a two-hundred day moving average price of $23.29. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.84. Par Pacific has a 12 month low of $14.84 and a 12 month high of $40.69. The stock has a market cap of $930.57 million, a price-to-earnings ratio of 3.21 and a beta of 1.99.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PARR shares. UBS Group reduced their price objective on shares of Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, August 19th. Mizuho cut their target price on shares of Par Pacific from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Tudor Pickering upgraded Par Pacific to a “hold” rating in a research note on Monday, September 9th. Tudor, Pickering, Holt & Co. downgraded Par Pacific from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group dropped their price target on Par Pacific from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Par Pacific presently has a consensus rating of “Hold” and an average target price of $28.00.

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.