Press coverage about Par Pacific Holdings (NASDAQ:PARR) has been trending positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Par Pacific Holdings earned a coverage optimism score of 0.44 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.2339897604662 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of equities analysts have commented on PARR shares. Zacks Investment Research raised shares of Par Pacific Holdings from a “sell” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Wednesday, July 19th. Seaport Global Securities raised shares of Par Pacific Holdings from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $19.00 to $22.00 in a report on Monday, September 11th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Par Pacific Holdings in a report on Thursday, August 17th.
Par Pacific Holdings (NASDAQ PARR) opened at 20.67 on Thursday. The firm has a market cap of $946.73 million and a P/E ratio of 46.14. Par Pacific Holdings has a 12-month low of $12.47 and a 12-month high of $21.94. The firm has a 50-day moving average of $19.30 and a 200-day moving average of $17.63.
Par Pacific Holdings (NASDAQ:PARR) last issued its earnings results on Monday, August 7th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $564.25 million during the quarter, compared to analyst estimates of $600.80 million. On average, analysts expect that Par Pacific Holdings will post $1.56 EPS for the current year.
In other Par Pacific Holdings news, major shareholder Whitebox Advisors Llc sold 44,800 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $17.78, for a total value of $796,544.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 2,836,683 shares of company stock worth $55,942,568 over the last quarter.
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