Let’s look at the key reasons that are pushing Par Pacific Holdings Inc (PARR) to new highs

Par Pacific Holdings Inc (NYSE: PARR) on Monday, plunged -3.28% from the previous trading day, before settling in for the closing price of $22.54. Within the past 52 weeks, PARR’s price has moved between $21.65 and $40.69.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 26.97%. The company achieved an average annual earnings per share of -68.13%. With a float of $54.84 million, this company’s outstanding shares have now reached $59.76 million.

Considering the fact that the conglomerate employs 1814 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 6.3%, operating margin of 3.3%, and the pretax margin is 4.13%.

Par Pacific Holdings Inc (PARR) Breakdown of a Key Holders of the stock

Observing investor behavior towards Oil & Gas Refining & Marketing industry stocks is more important than anything else. The insider ownership of Par Pacific Holdings Inc is 2.64%, while institutional ownership is 96.12%. The most recent insider transaction that took place on Mar 13 ’24, was worth 224,940. In this transaction Chief Accounting Officer of this company sold 6,000 shares at a rate of $37.49, taking the stock ownership to the 16,200 shares. Before that another transaction happened on Mar 13 ’24, when Company’s See Remarks sold 4,700 for $37.39, making the entire transaction worth $175,733. This insider now owns 13,176 shares in total.

Par Pacific Holdings Inc (PARR) Recent Fiscal highlights

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 3.15 earnings per share (EPS) for the period topping the consensus outlook (set at 3.11) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.45 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -68.13% per share during the next fiscal year.

Par Pacific Holdings Inc (NYSE: PARR) Trading Performance Indicators

Par Pacific Holdings Inc (PARR) is currently performing well based on its current performance indicators. A quick ratio of 0.59 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.14. Likewise, its price to free cash flow for the trailing twelve months is 6.57.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.82, a number that is poised to hit 0.83 in the next quarter and is forecasted to reach 3.17 in one year’s time.

Technical Analysis of Par Pacific Holdings Inc (PARR)

Compared to the last year’s volume of 0.84 million, its volume of 0.9 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 18.34%. Additionally, its Average True Range was 0.98.

During the past 100 days, Par Pacific Holdings Inc’s (PARR) raw stochastic average was set at 0.81%, which indicates a significant decrease from 3.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.25% in the past 14 days, which was higher than the 36.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $24.14, while its 200-day Moving Average is $31.50. Nevertheless, the first resistance level for the watch stands at $22.46 in the near term. At $23.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $23.46. If the price goes on to break the first support level at $21.46, it is likely to go to the next support level at $21.13. Now, if the price goes above the second support level, the third support stands at $20.46.

Par Pacific Holdings Inc (NYSE: PARR) Key Stats

Market capitalization of the company is 1.23 billion based on 57,938K outstanding shares. Right now, sales total 8,232 M and income totals 728,640 K. The company made 2,017 M in profit during its latest quarter, and 18,640 K in sales during its previous quarter.