Street Calls of the Week
In a year marked by significant volatility, Par Pacific Holdings, Inc. (NYSE:PARR) stock has recorded a new 52-week low, dipping to $12.17. This latest price level reflects a stark contrast from its 52-week high of $40.2, with the company’s shares experiencing a substantial decline of -64.36%. According to InvestingPro analysis, the stock’s RSI indicates oversold territory, while analysts maintain price targets ranging from $17 to $25. Investors have been closely monitoring PARR as it navigates through a challenging market environment, which has seen many energy sector players struggle amidst fluctuating demand and pricing pressures. The 52-week low serves as a critical indicator for shareholders and potential investors, signaling a period of reassessment for the company’s market position and future strategy. For deeper insights into PARR’s technical signals and comprehensive valuation analysis, investors can access detailed research reports on InvestingPro, which offers 15+ additional exclusive insights about the company.
In other recent news, Par Pacific Holdings Inc. reported mixed results for the fourth quarter of 2024. The company’s earnings per share (EPS) showed an adjusted loss of $0.79, missing analyst expectations of a $0.45 loss. However, revenue for the quarter exceeded forecasts, coming in at $1.83 billion compared to the projected $1.76 billion. The logistics segment of Par Pacific achieved record EBITDA, while the refining segment faced challenges, resulting in a $22 million loss. The retail segment contributed positively with $22 million in EBITDA. Analysts from TPH and JPMorgan discussed the company’s strategic initiatives, including a sustainable aviation fuel project in Hawaii, which is progressing on schedule. Par Pacific also announced a share repurchase authorization of up to $250 million, indicating confidence in its financial stability. Additionally, the company is focusing on cost reduction efforts, targeting $30-40 million in savings for the year.
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