Positive Press Coverage Somewhat Unlikely to Impact Par Pacific Holdings (PARR) Stock Price
News articles about Par Pacific Holdings (NASDAQ:PARR) have been trending positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Par Pacific Holdings earned a media sentiment score of 0.43 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4730772215604 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Par Pacific Holdings, Inc. (PARR) Major Shareholder Sells $7,520,887.89 in Stock (americanbankingnews.com)
- Par Pacific Holdings, Inc. (PARR) Major Shareholder Sells $3,684,294.00 in Stock (americanbankingnews.com)
- Whitebox Advisors Llc Sells 98,579 Shares of Par Pacific Holdings, Inc. (PARR) Stock (americanbankingnews.com)
- Par Pacific Holdings, Inc. (PARR) has a value of $20.56 per share While Aegean Marine Petroleum Network Inc. (ANW … – Stocks Gallery (stocksgallery.com)
- Par Pacific Holdings (PARR) and Photronics (PLAB) to Join S&P SmallCap 600 – StreetInsider.com (streetinsider.com)
Par Pacific Holdings (PARR) opened at 20.75 on Friday. Par Pacific Holdings has a one year low of $12.47 and a one year high of $21.94. The firm’s 50-day moving average is $18.86 and its 200 day moving average is $17.48. The firm has a market capitalization of $950.39 million and a price-to-earnings ratio of 46.32.
Par Pacific Holdings (NASDAQ:PARR) last released its earnings results on Monday, August 7th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company had revenue of $564.25 million for the quarter, compared to analyst estimates of $600.80 million. Analysts forecast that Par Pacific Holdings will post $1.61 EPS for the current fiscal year.
Several equities research analysts recently issued reports on PARR shares. Seaport Global Securities raised shares of Par Pacific Holdings from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $19.00 to $22.00 in a research note on Monday, September 11th. Cowen and Company reaffirmed a “buy” rating and set a $20.00 price target on shares of Par Pacific Holdings in a research note on Thursday, August 17th. Finally, Zacks Investment Research downgraded shares of Par Pacific Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.
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In related news, major shareholder Whitebox Advisors Llc sold 277,443 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $21.08, for a total transaction of $5,848,498.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 2,330,604 shares of company stock valued at $45,441,429.
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