Par Pacific (PARR) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Par Pacific in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PARR shares.
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7 brokerages have issued 12 month target prices for Par Pacific's stock. Their PARR share price forecasts range from $21.00 to $34.00. On average, they expect the company's share price to reach $29.25 in the next year. This suggests a possible upside of 37.2% from the stock's current price.
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Par Pacific's stock was trading at $23.25 on January 1st, 2023. Since then, PARR stock has decreased by 8.3% and is now trading at $21.32.
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Par Pacific saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,620,000 shares, an increase of 30.2% from the April 15th total of 2,780,000 shares. Based on an average daily trading volume, of 890,700 shares, the short-interest ratio is presently 4.1 days. Approximately 6.1% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our PARR earnings forecast.

Par Pacific Holdings, Inc. (NYSE:PARR) issued its quarterly earnings data on Wednesday, November, 3rd. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.23. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.33 billion. Par Pacific had a net margin of 9.65% and a trailing twelve-month return on equity of 108.48%. During the same quarter last year, the company posted ($1.06) EPS.

ETFs with the largest weight of Par Pacific (NYSE:PARR) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), Invesco Dynamic Energy Exploration & Production ETF (PXE), Invesco DWA Energy Momentum ETF (PXI), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap Quality ETF (XSHQ), ETC 6 Meridian Small Cap Equity ETF (SIXS), Pacer US Small Cap Cash Cows 100 ETF (CALF) and Inspire Fidelis Multi Factor ETF (FDLS).

Par Pacific trades on the New York Stock Exchange (NYSE) under the ticker symbol "PARR."

Par Pacific's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.29%), Rubric Capital Management LP (4.75%), State Street Corp (4.71%), Dimensional Fund Advisors LP (2.65%), Assenagon Asset Management S.A. (2.09%) and Punch & Associates Investment Management Inc. (1.78%). Insiders that own company stock include Chai Trust Co Llc, Ivan Daniel Guerra, Jeffrey Ryan Hollis, Joseph Israel, L Melvin Cooper, Melvyn N Klein, William Monteleone and William Pate.
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Shares of PARR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PARR stock can currently be purchased for approximately $21.32.

Par Pacific (NYSE:PARR) has a market capitalization of $1.30 billion and generates $7.32 billion in revenue each year. The company earns $364.19 million in net income (profit) each year or $12.27 on an earnings per share basis.

The company employs 1,397 workers across the globe.

Par Pacific's mailing address is 825 Town & Country Lane Suite 1500, HOUSTON TX, 77024. The official website for the company is www.parpacific.com. The company can be reached via phone at (281) 899-4800, via email at claborde@parpacific.com, or via fax at 303-298-8251.