While Par Pacific Holdings Inc has overperformed by 2.68%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PARR fell by -47.84%, with highs and lows ranging from $40.69 to $18.69, whereas the simple moving average fell by -38.00% in the last 200 days.
On September 09, 2024, Tudor Pickering Holt & Co. Downgraded Par Pacific Holdings Inc (NYSE: PARR) to Hold. A report published by TD Cowen on August 09, 2024, Reiterated its previous ‘Buy’ rating for PARR. Mizuho also rated PARR shares as ‘Outperform’, setting a target price of $33 on the company’s shares in an initiating report dated July 17, 2024. TD Cowen Reiterated the rating as Buy on June 25, 2024, but set its price target from $42 to $36. TD Cowen resumed its ‘Buy’ rating for PARR, as published in its report on May 08, 2024. TD Cowen’s report from May 05, 2023 suggests a price prediction of $28 for PARR shares, giving the stock a ‘Outperform’ rating. UBS also rated the stock as ‘Neutral’.
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Analysis of Par Pacific Holdings Inc (PARR)
Further, the quarter-over-quarter increase in sales is 13.09%, showing a positive trend in the upcoming months.
One of the most important indicators of Par Pacific Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 43.53% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.59, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and PARR is recording 916.80K average volume. On a monthly basis, the volatility of the stock is set at 3.75%, whereas on a weekly basis, it is put at 4.99%, with a loss of -11.49% over the past seven days. Furthermore, long-term investors anticipate a median target price of $32.71, showing growth from the present price of $19.19, which can serve as yet another indication of whether PARR is worth investing in or should be passed over.
How Do You Analyze Par Pacific Holdings Inc Shares?
The Oil & Gas Refining & Marketing market is dominated by Par Pacific Holdings Inc (PARR) based in the USA. When comparing Par Pacific Holdings Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 2.45, there is a growth in quarterly earnings of -34.75%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.64%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.92% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PARR shares are owned by institutional investors to the tune of 95.92% at present.
