Par Pacific (PARR) Set to Announce Quarterly Earnings on Monday

Par Pacific (NYSE:PARR) is scheduled to post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Par Pacific to post earnings of ($0.12) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Par Pacific (NYSE:PARR) last released its earnings results on Tuesday, August 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.36. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.82 billion. Par Pacific had a net margin of 5.43% and a return on equity of 26.40%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.73 EPS. On average, analysts expect Par Pacific to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Par Pacific Trading Up 1.0 %

Shares of NYSE:PARR opened at $15.60 on Friday. The stock has a market capitalization of $878.75 million, a price-to-earnings ratio of 1.99 and a beta of 1.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.59 and a current ratio of 1.63. The company has a 50 day moving average price of $18.61 and a 200 day moving average price of $23.63. Par Pacific has a 1-year low of $15.31 and a 1-year high of $40.69.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. UBS Group decreased their price target on Par Pacific from $40.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, August 19th. Tudor Pickering raised shares of Par Pacific to a “hold” rating in a research report on Monday, September 9th. The Goldman Sachs Group reduced their price target on shares of Par Pacific from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Par Pacific from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $36.00 to $30.00 in a research report on Wednesday, October 2nd. Finally, Mizuho reduced their target price on Par Pacific from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Par Pacific currently has a consensus rating of “Hold” and an average target price of $28.00.

About Par Pacific

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.