While Par Pacific Holdings Inc has underperformed by -0.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PARR rose by 28.26%, with highs and lows ranging from $40.69 to $20.53, whereas the simple moving average fell by -20.22% in the last 200 days.
On May 08, 2024, TD Cowen Reiterated Par Pacific Holdings Inc (NYSE: PARR) to Buy. A report published by TD Cowen on May 05, 2023, Reiterated its previous ‘Outperform’ rating for PARR. UBS also rated PARR shares as ‘Neutral’, setting a target price of $34 on the company’s shares in an initiating report dated March 09, 2023. Piper Sandler January 20, 2023d the rating to Overweight on January 20, 2023, and set its price target from $27 to $33. Goldman August 18, 2022d its ‘Buy’ rating to ‘Neutral’ for PARR, as published in its report on August 18, 2022. Goldman’s report from April 06, 2021 suggests a price prediction of $20 for PARR shares, giving the stock a ‘Buy’ rating. Cowen also rated the stock as ‘Outperform’.
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Analysis of Par Pacific Holdings Inc (PARR)
Further, the quarter-over-quarter increase in sales is 17.54%, showing a positive trend in the upcoming months.
Par Pacific Holdings Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 44.29% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.50, 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 be an extremely valuable indicator of volatility, and PARR is registering an average volume of 924.81K. On a monthly basis, the volatility of the stock is set at 3.01%, whereas on a weekly basis, it is put at 2.06%, with a loss of -4.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $40.17, showing growth from the present price of $27.64, 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?
A giant in the Oil & Gas Refining & Marketing market, Par Pacific Holdings Inc (PARR) is 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 3.46, there is a growth in quarterly earnings of -101.63%.
Besides checking the fundamentals, you should also know how many employees own shares in 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 2.95%. 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 96.29% 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 96.29% at present.
