Par Pacific (NYSEAMERICAN:PARR) released its earnings results on Tuesday. The oil and gas company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.15), Fidelity Earnings reports. The company had revenue of $909.78 million during the quarter, compared to analysts’ expectations of $744.50 million.
Shares of NYSEAMERICAN:PARR traded down $0.41 on Wednesday, hitting $17.44. 11,254 shares of the company’s stock were exchanged, compared to its average volume of 233,966. Par Pacific has a 1-year low of $16.42 and a 1-year high of $21.85.
PARR has been the subject of several analyst reports. Zacks Investment Research raised Par Pacific from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, July 25th. Cowen cut Par Pacific from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research report on Wednesday, September 12th.
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Par Pacific Company Profile
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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