Par Pacific Holdings, Inc. (NYSE:PARR) is reporting third quarter financial results on Monday 2nd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, PARR is expected to report 3Q20 loss of $ 1.13 per share from revenue of $ 592.78 million.
For the full year, analysts anticipate top line of $ 2984.27 million, while looking forward to loss of $ 4.21 per share bottom line.
Previous Quarter Performance
Par Pacific Holdings, Inc. disclosed loss for the second quarter of $ 1.70 per share, from the revenue of $ 515.30 million. Wall street analysts are predicting, PARR to report 2Q20 loss of $ 1.59 per share from revenue of $ 511.29 million. The bottom line results missed street analysts by $ 0.11 or 6.92 percent, at the same time, top line results outshined analysts by $ 4.01 million or 0.78 percent.
Stock Performance
On Friday, shares of Par Pacific Holdings, Inc. has traded high as $ 6.57 and has cracked $ 6.29 on the downward trend, reaching $ 6.44 with volume of 480.70 thousand shares.
According to the previous trading day, closing price of $ 6.44, representing a 14.16 % increase from the 52 week low of $ 5.72 and a 74.58 % decrease over the 52 week high of $ 25.69.
The company has a market capital of $ 347.54 million and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Recent Analyst recommendations
- On 28th September 2020, downgraded by Credit Suisse Group to Underperform from Neutral rating, with $ 8.00 target price.
- On 11th September 2020, initiated by JPMorgan Chase & Co. at Underweight rating, with $ 9.00 target price.
Conference Call
Par Pacific Holdings, Inc. will be hosting a conference call at 10:30 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.parpacific.com
Par Pacific Holdings, Inc. owns, manages, and maintains interests in energy and infrastructure businesses. The company operates in three segments: Refining, Retail, and Logistics.
