PARR Stock Summary and Trading Ideas (Par Pacific Hldgs | NYSE:PARR)

Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments namely Refining, Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operation licenses out brands to serve the retail consumer. Through the Logistics segment, crude shipments are delivered to the refineries, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.

Par Pacific Hldgs trades on the NYSE stock market under the symbol PARR.

As of April 18, 2024, PARR stock price declined to $31.07 with 633,108 million shares trading.

PARR has a beta of 0.56, meaning it tends to be less sensitive to market movements. PARR has a correlation of 0.03 to the broad based SPY ETF.

PARR has a market cap of $1.84 billion. This is considered a Small Cap stock.

Last quarter Par Pacific Hldgs reported $2 billion in Revenue and $1.08 earnings per share. This beat revenue expectation by $44 million and exceeded earnings estimates by $.02.

In the last 3 years, PARR stock traded as high as $40.70 and as low as $11.66.

The top ETF exchange traded funds that PARR belongs to (by Net Assets): IJR, VTI, IWM, XOP, AVUV.

PARR has outperformed the market in the last year with a return of +25.6%, while the SPY ETF gained +22.2%. However, in the most recent history, PARR shares have underperformed the stock market with its stock returning -7.5% in the last 3 month period and -19.9% for the last 2 week period, while SPY has returned +5.2% and -2.6%, respectively.

PARR support price is $31.29 and resistance is $33.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PARR stock will trade within this expected range on the day.