Stryker shares tumble despite strong Q2 results and raised guidance
Par Pacific Holdings (NYSE:PARR) Inc. stock reached a 52-week high, hitting $28.38, with the current price at $28.66. This milestone reflects a notable performance, particularly evident in its impressive 61.87% year-to-date return. According to InvestingPro analysis, the stock is trading slightly above its Fair Value. The company has shown resilience in a fluctuating market, driving investor confidence and interest. Management’s aggressive share buybacks and three analysts’ upward earnings revisions for the upcoming period signal positive momentum. This latest peak underscores Par Pacific’s solid position in the industry and its ability to navigate economic challenges effectively. As the company continues to grow, stakeholders are closely watching its next moves in the market. Discover 12 additional key insights about PARR with an InvestingPro subscription.
In other recent news, Par Pacific Holdings reported a first-quarter 2025 earnings miss, with an adjusted net loss per share of $0.94, which was significantly below the forecasted loss of $0.34. Despite this, the company achieved a notable revenue beat, generating $1.75 billion compared to the expected $1.61 billion. UBS analysts responded to these developments by raising their price target for Par Pacific Holdings to $23, citing improved crack spreads and revising earnings estimates positively for the coming years. Meanwhile, Goldman Sachs downgraded the stock from Buy to Neutral, setting a price target of $19, reflecting the belief that the current stock price aligns with the improved refining margin environment in Hawaii and Washington. TD Cowen, however, increased their price target to $20 and maintained a Buy rating, highlighting Par Pacific’s strategic share repurchase and inventory management efforts. The firm also noted the company’s advantageous position due to industry outages and lower oil prices, suggesting potential for Par Pacific’s stock to outperform its peers. Additionally, Par Pacific’s Wyoming operations were restarted ahead of schedule, and the Montana turnaround is nearing completion, marking significant operational advancements for the company.
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