Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) – Research analysts at Seaport Global Securities cut their Q1 2018 earnings per share (EPS) estimates for shares of Par Pacific in a report released on Monday. Seaport Global Securities analyst M. Harrison now forecasts that the oil and gas company will earn $0.13 per share for the quarter, down from their previous estimate of $0.24. Seaport Global Securities also issued estimates for Par Pacific’s Q2 2018 earnings at $0.32 EPS and Q4 2018 earnings at $0.37 EPS.
Par Pacific (NYSEAMERICAN:PARR) last posted its quarterly earnings results on Monday, November 6th. The oil and gas company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. The business had revenue of $610.51 million during the quarter, compared to analysts’ expectations of $655.80 million. Par Pacific had a net margin of 2.87% and a return on equity of 17.03%.
Shares of Par Pacific (NYSEAMERICAN PARR) opened at $16.86 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.35 and a debt-to-equity ratio of 0.71. The company has a market cap of $819.44, a P/E ratio of 11.09 and a beta of 0.29. Par Pacific has a fifty-two week low of $14.05 and a fifty-two week high of $21.94.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System acquired a new stake in shares of Par Pacific in the fourth quarter worth $321,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Par Pacific in the fourth quarter worth $265,000. Meeder Asset Management Inc. lifted its stake in shares of Par Pacific by 159.3% in the fourth quarter. Meeder Asset Management Inc. now owns 13,422 shares of the oil and gas company’s stock worth $258,000 after buying an additional 8,245 shares during the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of Par Pacific in the fourth quarter worth $583,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Par Pacific in the fourth quarter worth $614,000. Hedge funds and other institutional investors own 83.57% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/02/07/seaport-global-securities-brokers-decrease-earnings-estimates-for-par-pacific-holdings-inc-parr.html.
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.
Receive News & Ratings for Par Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Par Pacific and related companies with MarketBeat.com's FREE daily email newsletter.