Par Pacific (NYSEAMERICAN:PARR) announced its earnings results on Tuesday, May 7th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.09, Fidelity Earnings reports. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.13 billion.
Shares of Par Pacific stock opened at $19.15 on Friday. Par Pacific has a 1 year low of $13.68 and a 1 year high of $21.43.
A number of equities analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of Par Pacific in a research note on Tuesday, April 16th. They issued a “buy” rating and a $25.00 target price on the stock. Zacks Investment Research downgraded shares of Par Pacific from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, Oppenheimer set a $22.00 target price on shares of Par Pacific and gave the stock a “buy” rating in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $22.40.
Par Pacific Company Profile
Par Pacific Holdings, Inc owns, manages, and maintains interests in energy and infrastructure businesses. It operates through three segments: Refining, Retail, and Logistics. The Refining segment operates a refinery that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and other associated refined products.
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