Q1 2019 EPS Estimates for Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) Cut by Seaport Global Securities

Par Pacific Holdings, Inc. (NYSEAMERICAN:PARR) – Seaport Global Securities reduced their Q1 2019 earnings per share (EPS) estimates for shares of Par Pacific in a note issued to investors on Wednesday, April 17th, Zacks Investment Research reports. Seaport Global Securities analyst M. Harrison now anticipates that the oil and gas company will post earnings of $0.09 per share for the quarter, down from their previous forecast of $0.22. Seaport Global Securities also issued estimates for Par Pacific’s Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.75 EPS, FY2019 earnings at $1.47 EPS, Q1 2020 earnings at $0.41 EPS, Q2 2020 earnings at $0.49 EPS and Q4 2020 earnings at $0.87 EPS.

Par Pacific (NYSEAMERICAN:PARR) last issued its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.09. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.13 billion.

A number of other equities analysts have also recently issued reports on PARR. Zacks Investment Research cut Par Pacific from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Oppenheimer set a $22.00 target price on Par Pacific and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Goldman Sachs Group began coverage on Par Pacific in a report on Tuesday, April 16th. They issued a “buy” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Par Pacific currently has an average rating of “Buy” and a consensus target price of $22.40.

Shares of NYSEAMERICAN PARR traded up $0.61 during mid-day trading on Friday, reaching $21.13. The company had a trading volume of 557,414 shares, compared to its average volume of 348,017. Par Pacific has a 1-year low of $13.68 and a 1-year high of $21.34.

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of Par Pacific by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 241,789 shares of the oil and gas company’s stock worth $3,429,000 after buying an additional 6,491 shares during the last quarter. BlackRock Inc. lifted its position in shares of Par Pacific by 17.7% during the 3rd quarter. BlackRock Inc. now owns 4,546,472 shares of the oil and gas company’s stock worth $92,748,000 after purchasing an additional 683,693 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Par Pacific by 11.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 19,711 shares of the oil and gas company’s stock worth $280,000 after purchasing an additional 2,041 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Par Pacific by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 151,819 shares of the oil and gas company’s stock worth $3,097,000 after purchasing an additional 11,292 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Par Pacific by 42.2% during the 3rd quarter. Morgan Stanley now owns 164,806 shares of the oil and gas company’s stock worth $3,361,000 after purchasing an additional 48,896 shares during the last quarter. 83.57% of the stock is owned by institutional investors.

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

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