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Par Pacific logo Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) traded up 5.5% on Tuesday following a stronger than expected earnings report. The stock traded as high as $25.27 and last traded at $24.89, 555,882 shares were traded during trading. An increase of 71% from the average session volume of 324,451 shares. The stock had previously closed at $23.60. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Several equities analysts have issued reports on the stock. 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. Goldman Sachs Group set a $28.00 price target on shares of Par Pacific and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Zacks Investment Research downgraded shares of Par Pacific from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell […]
