company background image
PARR

Par Pacific Holdings NYSE:PARR Stock Report

Last Price

US$18.37

Market Cap

US$1.1b

7D

22.4%

1Y

16.9%

Updated

04 Oct, 2022

Data

Company Financials +
PARR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends0/6

PARR Stock Overview

Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses.

Par Pacific Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Par Pacific Holdings
Historical stock prices
Current Share PriceUS$18.37
52 Week HighUS$21.10
52 Week LowUS$11.66
Beta2.01
1 Month Change-1.45%
3 Month Change25.56%
1 Year Change16.86%
3 Year Change-17.47%
5 Year Change-11.89%
Change since IPO2,961.67%

Recent News & Updates

Sep 20
Par Pacific Holdings (NYSE:PARR) Is Doing The Right Things To Multiply Its Share Price

Par Pacific Holdings (NYSE:PARR) Is Doing The Right Things To Multiply Its Share Price

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Jul 31
Is Par Pacific Holdings (NYSE:PARR) Weighed On By Its Debt Load?

Is Par Pacific Holdings (NYSE:PARR) Weighed On By Its Debt Load?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

PARRUS Oil and GasUS Market
7D22.4%13.4%4.4%
1Y16.9%41.2%-18.2%

Return vs Industry: PARR underperformed the US Oil and Gas industry which returned 36.4% over the past year.

Return vs Market: PARR exceeded the US Market which returned -20% over the past year.

Price Volatility

Is PARR's price volatile compared to industry and market?
PARR volatility
PARR Average Weekly Movement7.5%
Oil and Gas Industry Average Movement8.1%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: PARR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PARR's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19841,336Bill Patehttps://www.parpacific.com

Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota.

Par Pacific Holdings Fundamentals Summary

How do Par Pacific Holdings's earnings and revenue compare to its market cap?
PARR fundamental statistics
Market CapUS$1.11b
Earnings (TTM)US$101.96m
Revenue (TTM)US$6.06b

10.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PARR income statement (TTM)
RevenueUS$6.06b
Cost of RevenueUS$5.41b
Gross ProfitUS$649.02m
Other ExpensesUS$547.06m
EarningsUS$101.96m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.69
Gross Margin10.71%
Net Profit Margin1.68%
Debt/Equity Ratio186.5%

How did PARR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PARR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PARR?

Other financial metrics that can be useful for relative valuation.

PARR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA6.5x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does PARR's PE Ratio compare to its peers?

PARR PE Ratio vs Peers
The above table shows the PE ratio for PARR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12x
OPAL OPAL Fuels
12.3x88.8%US$1.4b
INT World Fuel Services
18.3x23.7%US$1.6b
DK Delek US Holdings
7.4x-61.5%US$2.1b
CVI CVR Energy
10.1x-50.5%US$3.3b
PARR Par Pacific Holdings
10.8x7.2%US$1.1b

Price-To-Earnings vs Peers: PARR is good value based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (12x).


Price to Earnings Ratio vs Industry

How does PARR's PE Ratio compare vs other companies in the US Oil and Gas Industry?

Price-To-Earnings vs Industry: PARR is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the US Oil and Gas industry average (9.2x)


Price to Earnings Ratio vs Fair Ratio

What is PARR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PARR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.8x
Fair PE Ratio14.9x

Price-To-Earnings vs Fair Ratio: PARR is good value based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (14.9x).


Share Price vs Fair Value

What is the Fair Price of PARR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PARR ($18.37) is trading above our estimate of fair value ($13.24)

Significantly Below Fair Value: PARR is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Future Growth

How is Par Pacific Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PARR's forecast earnings growth (7.2% per year) is above the savings rate (1.9%).

Earnings vs Market: PARR's earnings (7.2% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: PARR's earnings are forecast to grow, but not significantly.

Revenue vs Market: PARR's revenue is expected to decline over the next 3 years (-2.7% per year).

High Growth Revenue: PARR's revenue is forecast to decline over the next 3 years (-2.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PARR's Return on Equity is forecast to be low in 3 years time (11.9%).


Discover growth companies

Past Performance

How has Par Pacific Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-44.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PARR has a high level of non-cash earnings.

Growing Profit Margin: PARR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PARR has become profitable over the past 5 years, growing earnings by -44.5% per year.

Accelerating Growth: PARR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PARR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (184.6%).


Return on Equity

High ROE: Whilst PARR's Return on Equity (36.58%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Par Pacific Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PARR's short term assets ($1.9B) do not cover its short term liabilities ($2.1B).

Long Term Liabilities: PARR's short term assets ($1.9B) exceed its long term liabilities ($856.7M).


Debt to Equity History and Analysis

Debt Level: PARR's net debt to equity ratio (119.7%) is considered high.

Reducing Debt: PARR's debt to equity ratio has increased from 83.5% to 186.5% over the past 5 years.

Debt Coverage: PARR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PARR's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Par Pacific Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.73%

Forecast Dividend Yield

Dividend Yield vs Market

Par Pacific Holdings Dividend Yield vs Market
How does Par Pacific Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Par Pacific Holdings)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Oil and Gas)4.6%
Analyst forecast in 3 Years (Par Pacific Holdings)0.7%

Notable Dividend: Unable to evaluate PARR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PARR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PARR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PARR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PARR has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Bill Pate (58 yo)

7.83yrs

Tenure

US$3,542,686

Compensation

Mr. William C. Pate, also known as Bill, JD, served as Director at Jupiter Acquisition Corporation. Since October 2015, Mr. Pate has served as President and Chief Executive Officer, and since December 2014...


CEO Compensation Analysis

Bill Pate's Compensation vs Par Pacific Holdings Earnings
How has Bill Pate's remuneration changed compared to Par Pacific Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$102m

Mar 31 2022n/an/a

-US$156m

Dec 31 2021US$4mUS$700k

-US$81m

Sep 30 2021n/an/a

-US$221m

Jun 30 2021n/an/a

-US$317m

Mar 31 2021n/an/a

-US$249m

Dec 31 2020US$2mUS$465k

-US$409m

Sep 30 2020n/an/a

-US$242m

Jun 30 2020n/an/a

-US$311m

Mar 31 2020n/an/a

-US$242m

Dec 31 2019US$2mUS$600k

US$40m

Sep 30 2019n/an/a

US$19m

Jun 30 2019n/an/a

US$96m

Mar 31 2019n/an/a

US$84m

Dec 31 2018US$2mUS$592k

US$39m

Sep 30 2018n/an/a

US$44m

Jun 30 2018n/an/a

US$68m

Mar 31 2018n/an/a

US$59m

Dec 31 2017US$2mUS$560k

US$72m

Sep 30 2017n/an/a

US$67m

Jun 30 2017n/an/a

US$20m

Mar 31 2017n/an/a

US$325k

Dec 31 2016US$3mUS$460k

-US$46m

Sep 30 2016n/an/a

-US$126m

Jun 30 2016n/an/a

-US$84m

Mar 31 2016n/an/a

-US$59m

Dec 31 2015US$320kUS$101k

-US$40m

Compensation vs Market: Bill's total compensation ($USD3.54M) is about average for companies of similar size in the US market ($USD4.09M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PARR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: PARR's board of directors are considered experienced (8.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:PARR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
29 Jul 22SellUS$10,556,687Equity Group InvestmentsCompany676,398US$16.50
21 Jul 22SellUS$11,887,824Equity Group InvestmentsCompany795,981US$15.62
07 Jul 22SellUS$10,071,574Equity Group InvestmentsCompany646,742US$16.89
27 Jun 22SellUS$1,140,391Equity Group InvestmentsCompany70,000US$16.29
24 Jun 22SellUS$1,567,441Equity Group InvestmentsCompany100,000US$16.30
22 Jun 22SellUS$1,668,050Equity Group InvestmentsCompany100,000US$16.98
17 Jun 22SellUS$2,001,764Equity Group InvestmentsCompany120,000US$17.17
15 Jun 22SellUS$2,204,371Equity Group InvestmentsCompany122,686US$18.73
13 Jun 22SellUS$2,982,115Equity Group InvestmentsCompany160,000US$19.38
07 Jun 22SellUS$93,800Ivan GuerraIndividual4,690US$20.00
07 Jun 22SellUS$40,220L. CooperIndividual2,000US$20.11
06 Jun 22SellUS$7,965,860Equity Group InvestmentsCompany455,366US$17.63
02 Jun 22SellUS$3,213,538Equity Group InvestmentsCompany187,146US$17.24
31 May 22SellUS$3,178,206Equity Group InvestmentsCompany191,155US$16.64
26 May 22SellUS$2,903,483Equity Group InvestmentsCompany182,907US$15.90
25 May 22SellUS$1,222,696Equity Group InvestmentsCompany77,225US$15.83
24 May 22SellUS$2,690,281Equity Group InvestmentsCompany173,711US$16.35
18 May 22SellUS$4,214,292Equity Group InvestmentsCompany270,529US$15.58
16 May 22SellUS$2,792,500Equity Group InvestmentsCompany181,735US$15.49
12 May 22SellUS$1,770,094Equity Group InvestmentsCompany122,812US$14.92
10 May 22SellUS$2,205,787Equity Group InvestmentsCompany163,003US$13.64
29 Apr 22SellUS$2,944,768Equity Group InvestmentsCompany194,517US$15.26
27 Apr 22SellUS$1,947,330Equity Group InvestmentsCompany132,268US$14.77
25 Apr 22SellUS$2,483,649Equity Group InvestmentsCompany169,744US$15.09
22 Apr 22SellUS$1,106,891Equity Group InvestmentsCompany73,356US$15.09
21 Apr 22SellUS$12,213,060Equity Group InvestmentsCompany783,609US$16.34
19 Apr 22SellUS$2,403,842Equity Group InvestmentsCompany154,929US$15.59
14 Apr 22SellUS$1,249,747Equity Group InvestmentsCompany85,608US$14.66
12 Apr 22SellUS$797,956Equity Group InvestmentsCompany56,619US$14.16
08 Apr 22SellUS$1,345,719Equity Group InvestmentsCompany96,951US$14.17
06 Apr 22SellUS$483,698Equity Group InvestmentsCompany36,181US$13.40
04 Apr 22SellUS$668,823Equity Group InvestmentsCompany49,938US$13.43
31 Mar 22SellUS$396,224Equity Group InvestmentsCompany30,416US$13.06
24 Mar 22SellUS$402,576Equity Group InvestmentsCompany33,198US$12.15
22 Mar 22SellUS$454,232Equity Group InvestmentsCompany37,208US$12.21
17 Mar 22SellUS$583,664Equity Group InvestmentsCompany48,757US$12.10
10 Mar 22SellUS$551,017Equity Group InvestmentsCompany41,079US$13.46
07 Mar 22SellUS$299,269Equity Group InvestmentsCompany24,554US$12.19
01 Mar 22SellUS$1,600,743Equity Group InvestmentsCompany124,714US$13.57
25 Feb 22SellUS$664,041Equity Group InvestmentsCompany49,065US$13.53
24 Feb 22SellUS$1,406,407Equity Group InvestmentsCompany99,913US$14.68
22 Feb 22SellUS$1,725,074Equity Group InvestmentsCompany115,866US$14.91
16 Feb 22SellUS$1,396,863Equity Group InvestmentsCompany94,024US$14.88
14 Feb 22SellUS$1,350,492Equity Group InvestmentsCompany91,849US$14.76
10 Feb 22SellUS$1,045,304Equity Group InvestmentsCompany72,363US$14.46
08 Feb 22SellUS$760,270Equity Group InvestmentsCompany53,076US$14.54
04 Feb 22SellUS$886,293Equity Group InvestmentsCompany61,262US$14.55
02 Feb 22SellUS$1,270,346Equity Group InvestmentsCompany86,122US$14.96
13 Jan 22SellUS$1,531,642Equity Group InvestmentsCompany88,391US$17.38
11 Jan 22SellUS$1,953,892Equity Group InvestmentsCompany111,627US$17.69
07 Jan 22SellUS$1,789,720Equity Group InvestmentsCompany103,836US$17.55
05 Jan 22SellUS$2,659,969Equity Group InvestmentsCompany153,506US$17.73
03 Jan 22SellUS$1,805,020Equity Group InvestmentsCompany107,787US$17.00
29 Dec 21SellUS$848,512Equity Group InvestmentsCompany53,833US$15.93
27 Dec 21SellUS$632,442Equity Group InvestmentsCompany42,041US$15.06
22 Dec 21SellUS$1,011,462Equity Group InvestmentsCompany67,973US$14.89
20 Dec 21SellUS$988,294Equity Group InvestmentsCompany71,673US$14.19
16 Dec 21BuyUS$464,370William PateIndividual34,500US$13.46
16 Dec 21SellUS$1,366,454Equity Group InvestmentsCompany101,581US$13.53
14 Dec 21SellUS$887,294Equity Group InvestmentsCompany65,147US$13.80
10 Dec 21SellUS$871,059Equity Group InvestmentsCompany62,977US$13.88
08 Dec 21SellUS$305,338Equity Group InvestmentsCompany20,932US$14.63
06 Dec 21SellUS$446,549Equity Group InvestmentsCompany32,306US$14.28
02 Dec 21SellUS$444,542Equity Group InvestmentsCompany32,905US$13.57
30 Nov 21SellUS$466,699Equity Group InvestmentsCompany34,940US$13.44
26 Nov 21BuyUS$129,300Melvyn KleinIndividual10,000US$12.93
19 Nov 21BuyUS$135,100Melvyn KleinIndividual10,000US$13.51
19 Nov 21SellUS$1,768,469Equity Group InvestmentsCompany128,076US$14.38
17 Nov 21SellUS$635,070Equity Group InvestmentsCompany41,045US$15.61
15 Nov 21SellUS$915,596Equity Group InvestmentsCompany57,896US$15.87
05 Nov 21SellUS$951,647Equity Group InvestmentsCompany59,792US$16.06
04 Nov 21SellUS$2,321,615Equity Group InvestmentsCompany147,548US$16.39
02 Nov 21SellUS$950,421Equity Group InvestmentsCompany59,940US$16.02
29 Oct 21SellUS$1,094,016Equity Group InvestmentsCompany69,963US$15.65

Ownership Breakdown

What is the ownership structure of PARR?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,371,4142.3%
VC/PE Firms3,348,4305.6%
Hedge Funds3,700,0006.1%
General Public5,274,3468.8%
Institutions46,484,55877.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 69.15% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.51%
BlackRock, Inc.
7,530,538$138.3m-0.7%no data
6.15%
Rubric Capital Management LP
3,700,000$68.0m0%3.28%
5.93%
The Vanguard Group, Inc.
3,571,276$65.6m-1.33%no data
5.56%
Equity Group Investments
3,348,430$61.5m-41.18%5.39%
4.56%
State Street Global Advisors, Inc.
2,741,833$50.4m-1.65%no data
3.84%
Nut Tree Capital Management, LP
2,312,300$42.5m-20.6%11.26%
3.67%
Brookfield Asset Management Inc.
2,210,000$40.6m0%0.1%
2.9%
Assenagon Asset Management S.A.
1,743,336$32.0m1257.75%0.1%
2.83%
Flat Footed LLC
1,703,404$31.3m0%14.85%
2.17%
Boston Partners Global Investors, Inc.
1,305,657$24.0m1.86%0.02%
2.05%
Dimensional Fund Advisors LP
1,230,868$22.6m5.2%0.01%
1.85%
Jacobs Levy Equity Management Inc
1,113,081$20.4m59.27%0.15%
1.67%
Punch & Associates Investment Management, Inc.
1,002,317$18.4m-2.33%1.18%
1.41%
Encompass Capital Advisors LLC
849,672$15.6m0%0.88%
1.37%
Littlejohn & Co., LLC
821,842$15.1m-50.58%4.69%
1.35%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
811,336$14.9m8.97%no data
1.31%
Geode Capital Management, LLC
790,442$14.5m0.39%no data
1.14%
Charles Schwab Investment Management, Inc.
686,298$12.6m-5.75%no data
1.09%
Millennium Management LLC
653,385$12.0m147.25%0.01%
1.07%
Philosophy Capital Management LLC
646,550$11.9m6.57%3.19%
1%
Fir Tree Capital Management LP
600,000$11.0m0%0.33%
0.97%
Solas Capital Management, LLC
583,555$10.7m-35.06%5.37%
0.93%
Invesco Capital Management LLC
561,570$10.3m-8.27%0.01%
0.92%
Citadel Advisors LLC
554,336$10.2m146.58%0.01%
0.9%
Yaupon Capital Management LP
541,240$9.9m0%2.98%

Company Information

Par Pacific Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Par Pacific Holdings, Inc.
  • Ticker: PARR
  • Exchange: NYSE
  • Founded: 1984
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Implied Market Cap: US$1.105b
  • Shares outstanding: 60.18m
  • Website: https://www.parpacific.com

Number of Employees


Location

  • Par Pacific Holdings, Inc.
  • 825 Town & Country Lane
  • Suite 1500
  • Houston
  • Texas
  • 77024
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PARRNYSE (New York Stock Exchange)YesCommon StockUSUSDSep 2012
61PDB (Deutsche Boerse AG)YesCommon StockDEEURSep 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.