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Par Petroleum (PARR) Stock Sinks As Market Gains: What You Should Know
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Par Petroleum (PARR - Free Report) closed at $22.37 in the latest trading session, marking a -0.53% move from the prior day. This change lagged the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 7.5%.
Heading into today, shares of the independent oil and gas company had gained 9.81% over the past month, outpacing the Oils-Energy sector's gain of 3.67% and the S&P 500's loss of 0.94% in that time.
Investors will be hoping for strength from Par Petroleum as it approaches its next earnings release. The company is expected to report EPS of $1.53, up 795.45% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.9 billion, up 46.74% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Par Petroleum. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 14.07% higher. Par Petroleum currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Par Petroleum is currently trading at a Forward P/E ratio of 5.01. This represents a discount compared to its industry's average Forward P/E of 8.05.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Par Petroleum (PARR) Stock Sinks As Market Gains: What You Should Know
Par Petroleum (PARR - Free Report) closed at $22.37 in the latest trading session, marking a -0.53% move from the prior day. This change lagged the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 7.5%.
Heading into today, shares of the independent oil and gas company had gained 9.81% over the past month, outpacing the Oils-Energy sector's gain of 3.67% and the S&P 500's loss of 0.94% in that time.
Investors will be hoping for strength from Par Petroleum as it approaches its next earnings release. The company is expected to report EPS of $1.53, up 795.45% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.9 billion, up 46.74% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Par Petroleum. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 14.07% higher. Par Petroleum currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Par Petroleum is currently trading at a Forward P/E ratio of 5.01. This represents a discount compared to its industry's average Forward P/E of 8.05.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.