Par Pacific Stock In Surprising 1 Year Uptrend, Still Undervalued!

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Par Pacific stock has traded in an uptrend for an entire year now. The company is a Houston, Texas-based integrated energy company that owns and operates refining, retail, and logistics businesses. The company owns and operates two refineries, two retail networks, and a logistics system that include terminals, storage, and pipelines. It also owns and operates retail sites in Hawaii and Wyoming. The company’s products include gasoline, diesel, jet fuel, asphalt, renewable diesel, and other related products.

Technical Analysis: Par Pacific Stock

Par Pacific stock is in a technical strong uptrend. The chart has formed what I call a Dragon pattern which is characterized by a 1 year long uptrend that forms 3 humps in the 6-month time frame (on a daily chart) that resemble a dragon flying upward. The Dragon pattern is extremely rare and bullish!

Par Pacific stock chart on February 13 2023 in uptrend channel Dragon chart pattern
Par Pacific Holdings stock chart on February 13 2023 in uptrend channel Dragon chart pattern

Fundamental Analysis: Par Pacific Stock

Here’s the crazy thing. You would expect a stock that has been in an uptrend channel for the last year would be overvalued. It’s nuts that $PARR is actually still undervalued!

Par Pacific stock trades at a P/E of 5.8 and a Forward P/E of 5.4. The stock has a sizzling hot P/S ratio of just 0.24! Yes folks, the company has a market cap of $1.6 billion, but it did $6.8 billion in sales last year.

With a price target of $33, up from $27, Piper Sandler analyst Ryan Todd upgraded Par Pacific to Overweight from Neutral on January 20, 2023. According to Todd, the closing of the Billings acquisition, which is anticipated in Q2, will be significant for Par because it will increase portfolio scale and quality. According to Todd, who also points out that his 2023 EPS estimate is currently 114 percent higher than the Street view, Par has above average distillate and heavy crude leverage, a greatly improved balance sheet, and major tailwinds in the form of China’s reopening and increased jet strength.

VIDEO: PAR Pacific Stock

Frequently Asked Questions

Is Par Pacific Holdings, Inc. listed on the NASDAQ or NYSE?

Par Pacific Holdings, Inc. is listed on the NYSE.

What was the 52-week low for Par Pacific Holdings stock?

The 52-week low occurred on March 14, 2022, at $11.66.

Is Par Pacific Holdings, Inc. (PARR) a buy, sell, or hold?

At this time, it is best to hold Par Pacific Holdings, Inc. (PARR). The stock is relatively stable and a good long-term investment. However, it is recommended to do your own research and consult a financial advisor before making any decisions.
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