Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) – Equities researchers at Seaport Global Securities dropped their Q4 2019 EPS estimates for Par Pacific in a note issued to investors on Wednesday, October 16th. Seaport Global Securities analyst M. Harrison now expects that the oil and gas company will post earnings of $0.51 per share for the quarter, down from their prior forecast of $0.62. Seaport Global Securities also issued estimates for Par Pacific’s Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.64 EPS, Q4 2020 earnings at $0.77 EPS and FY2020 earnings at $2.26 EPS.

Par Pacific (NYSEAMERICAN:PARR) last announced its quarterly earnings data on Monday, August 5th. The oil and gas company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.55 billion.

A number of other brokerages have also weighed in on PARR. Goldman Sachs Group set a $28.00 price objective on shares of Par Pacific and gave the company a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada set a $22.00 price objective on shares of Par Pacific and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research lowered shares of Par Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $23.80.

Shares of PARR opened at $22.59 on Friday. Par Pacific has a twelve month low of $13.68 and a twelve month high of $23.58.

In related news, Director Curt Anastasio sold 11,868 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $21.89, for a total value of $259,790.52. Following the transaction, the director now directly owns 60,568 shares of the company’s stock, valued at approximately $1,325,833.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William Monteleone sold 80,421 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $21.55, for a total transaction of $1,733,072.55. Following the completion of the transaction, the chief financial officer now directly owns 293,271 shares in the company, valued at $6,319,990.05. The disclosure for this sale can be found here. Insiders sold a total of 134,666 shares of company stock worth $2,892,554 over the last 90 days. Company insiders own 2.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its position in Par Pacific by 20,528.6% during the 2nd quarter. Bank of Montreal Can now owns 2,888 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 2,874 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Par Pacific in the second quarter valued at $205,000. Hexavest Inc. acquired a new stake in Par Pacific in the third quarter valued at $256,000. Susquehanna International Group LLP acquired a new stake in Par Pacific in the second quarter valued at $269,000. Finally, Panagora Asset Management Inc. acquired a new stake in Par Pacific in the second quarter valued at $291,000. 83.57% of the stock is currently owned by hedge funds and other institutional investors.

About Par Pacific

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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Earnings History and Estimates for Par Pacific (NYSEAMERICAN:PARR)

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