Stock Buzzer: What’s Propelling Par Pacific Holdings, Inc. to Increase So Much?

Stock Buzzer: What's Propelling Par Pacific Holdings, Inc. to Increase So Much?

The stock of Par Pacific Holdings, Inc. (NYSEMKT:PARR) is a huge mover today! About 160,805 shares traded hands. Par Pacific Holdings, Inc. (NYSEMKT:PARR) has declined 24.93% since March 3, 2016 and is downtrending. It has underperformed by 33.28% the S&P500.
The move comes after 6 months positive chart setup for the $649.41M company. It was reported on Oct, 6 by Barchart.com. We have $19.74 PT which if reached, will make NYSEMKT:PARR worth $240.28M more.

Analysts await Par Pacific Holdings, Inc. (NYSEMKT:PARR) to report earnings on November, 2. They expect $-0.22 earnings per share, down 134.38% or $0.86 from last year’s $0.64 per share. After $-0.85 actual earnings per share reported by Par Pacific Holdings, Inc. for the previous quarter, Wall Street now forecasts -74.12% EPS growth.

Par Pacific Holdings, Inc. (NYSEMKT:PARR) Ratings Coverage

Out of 6 analysts covering Par Pacific (NYSEMKT:PARR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Par Pacific has been the topic of 7 analyst reports since November 23, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, May 18 by Imperial Capital. The company was initiated on Thursday, January 28 by Imperial Capital. Seaport Global Securities initiated Par Pacific Holdings, Inc. (NYSEMKT:PARR) on Thursday, September 8 with “Buy” rating. The stock of Par Pacific Holdings, Inc. (NYSEMKT:PARR) has “Hold” rating given on Monday, November 23 by Miller Tabak. As per Friday, May 20, the company rating was initiated by Sterne Agee CRT. On Friday, June 10 the stock rating was initiated by Cowen & Co with “Market Perform”. The company was initiated on Thursday, October 6 by Mizuho.

According to Zacks Investment Research, “Par Pacific Holdings, Inc. manages and maintains interests in energy and infrastructure businesses. The company’s operating segment consists of refining, retail and logistics. It also markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific Holdings, Inc., formerly known as Par Petroleum Corporation, is headquartered in Houston, Texas.”

More notable recent Par Pacific Holdings, Inc. (NYSEMKT:PARR) news were published by: Marketwatch.com which released: “Par Pacific upgraded to outperform from market perform at Cowen & Co.” on May 05, 2011, also Prnewswire.com with their article: “Par Pacific Holdings Announces Launch Of $50 Million Common Stock Rights Offering” published on August 26, 2016, Prnewswire.com published: “Par Pacific Holdings Announces Pricing Of Convertible Senior Notes” on June 16, 2016. More interesting news about Par Pacific Holdings, Inc. (NYSEMKT:PARR) were released by: Prnewswire.com and their article: “Par Pacific Holdings to Participate in Seaport Global Securities’ Boston …” published on September 19, 2016 as well as Prnewswire.com‘s news article titled: “Par Petroleum Corporation Announces Name Change to Par Pacific Holdings, Inc …” with publication date: October 14, 2015.

PARR Company Profile

Par Pacific Holdings, Inc., formerly Par Petroleum Corporation, incorporated on November 7, 2005, manages and maintains interests in energy and infrastructure businesses. The Company’s divisions include Refining, Retail, Logistics, Texadian, and Corporate and Other. The Company’s Refining segment consists of a refinery in Kapolei, Hawaii produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel and other associated refined products primarily for consumption in Hawaii. The Company’s Retail segment consists of retail outlets, which sell gasoline, diesel and retail merchandise throughout the island of Oahu, as well as the neighboring islands of Maui, Hawaii and Kauai. The Company’s retail network includes Tesoro and “76” branded retail sites, company-operated convenience stores, sites operated in cooperation with 7-Eleven and other sites operated by third parties. The Company’s Logistics segment owns and operates terminals, pipelines, a single-point mooring and trucking activities to distribute refined products throughout the island of Oahu as well as the neighboring islands of Maui, Hawaii, Molokai and Kauai. The Texadian segment focuses on sourcing, marketing, transporting and distributing crude oil and refined products in the United States and Canada, and the Corporate and Other segment includes various non-operated gas and oil interests.

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