Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Par Pacific Holdings Inc before investing.

In this article, we go over a few key elements for understanding Par Pacific Holdings Inc’s stock price such as:

• Par Pacific Holdings Inc’s current stock price and volume
• Why Par Pacific Holdings Inc’s stock price changed recently
• Upgrades and downgrades for PARR from analysts
• PARR’s stock price momentum as measured by its relative strength

About Par Pacific Holdings Inc (PARR)

Before we jump into Par Pacific Holdings Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Par Pacific Holdings, Inc. is an energy company, which provides both renewable and conventional fuels to the western United States. It owns and operates 125,000 barrels per day of combined refining capacity across three locations and an energy infrastructure network, including 7.6 million barrels of storage, and marine, rail, rack and pipeline assets. The Company has three segments. Refining segment owns and operates four refineries with total operating crude oil throughput capacity of 219 thousand barrels per day (Mbpd). Retail segment operates fuel retail outlets in Hawaii, Washington and Idaho. It operates convenience stores and fuel retail sites under Hele and nomnom brands, 76 branded fuel retail sites and other sites operated by third parties that sell gasoline, diesel, and retail merchandise, such as soft drinks, prepared foods, and other sundries. Logistics segment operates a multi-modal logistics network spanning the Pacific, the Northwest, and the Rocky Mountain regions.

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What Caused Par Pacific Holdings Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 31, 2024, there were 4 analysts who downgraded Par Pacific Holdings Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Par Pacific Holdings Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Par Pacific Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Par Pacific Holdings Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Par Pacific Holdings Inc (PARR) by visiting AAII Stock Evaluator.

Relative Price Strength of Par Pacific Holdings Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 31, 2024, Par Pacific Holdings Inc has a weighted four-quarter relative price strength of -2.17%, which translates to a Momentum Score of 57 and is considered to be Average.

Want to learn more about how Par Pacific Holdings Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Par Pacific Holdings Inc Stock Price: Bottom Line

As of June 3, 2024, Par Pacific Holdings Inc’s stock price is $25.84, which is down 4.79% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Par Pacific Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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