NYSE:PARR

Stock Analysis Report

Par Pacific Holdings

Executive Summary

Par Pacific Holdings, Inc. owns, manages, and maintains interests in energy and infrastructure businesses.

Snowflake

Fundamentals

Fair value with acceptable track record.


Similar Companies

Share Price & News

How has Par Pacific Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.4%

PARR

-0.1%

US Oil and Gas

1.0%

US Market


1 Year Return

25.9%

PARR

-20.1%

US Oil and Gas

8.0%

US Market

Return vs Industry: PARR exceeded the US Oil and Gas industry which returned -20.1% over the past year.

Return vs Market: PARR exceeded the US Market which returned 8% over the past year.


Shareholder returns

PARRIndustryMarket
7 Day0.4%-0.1%1.0%
30 Day1.2%-5.4%-0.07%
90 Day0.6%-8.6%-1.0%
1 Year25.9%25.9%-17.1%-20.1%10.4%8.0%
3 Year64.5%64.5%-7.4%-15.9%46.2%36.7%
5 Year41.2%41.2%-22.6%-33.7%64.3%46.2%

Price Volatility Vs. Market

How volatile is Par Pacific Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Par Pacific Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PARR ($22.63) is trading below our estimate of fair value ($84.9)

Significantly Below Fair Value: PARR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PARR is poor value based on its PE Ratio (11.2x) compared to the Oil and Gas industry average (9.6x).

PE vs Market: PARR is good value based on its PE Ratio (11.2x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PARR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PARR is overvalued based on its PB Ratio (1.8x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

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

9.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PARR's forecast earnings growth (9.1% per year) is above the savings rate (2.7%).

Earnings vs Market: PARR's earnings (9.1% per year) are forecast to grow slower than the US market (14.5% 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 (-0.5% per year).

High Growth Revenue: PARR's revenue is forecast to decline over the next 3 years (-0.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PARR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

57.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PARR has become profitable over the past 5 years, growing earnings by 57% per year.

Accelerating Growth: PARR's earnings growth over the past year (40.8%) is below its 5-year average (57% per year).

Earnings vs Industry: PARR earnings growth over the past year (40.8%) exceeded the Oil and Gas industry 20.6%.


Return on Equity

High ROE: PARR's Return on Equity (14.8%) is considered low.


Return on Assets

ROA vs Industry: PARR's Return on Assets is below or equal to the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: PARR has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Par Pacific Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PARR's short term assets ($951.0M) do not cover its short term liabilities ($974.2M)

Long Term Liabilities: PARR's short term assets (951.0M) do not cover its long term liabilities (1.0B)


Debt to Equity History and Analysis

Debt Level: PARR's debt to equity ratio (97.9%) is considered high

Reducing Debt: PARR's debt to equity ratio has increased from 59.2% to 97.9% over the past 5 years.

Debt Coverage: PARR's debt is not well covered by operating cash flow (12.9%).

Interest Coverage: PARR's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet

Inventory Level: PARR has a high level of physical assets or inventory.

Debt Coverage by Assets: PARR's debt is covered by short term assets (assets are 1.473160x debt).


Next Steps

Dividend

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

0.65%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Years0.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PARR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Par Pacific Holdings's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Bill Pate (55yo)

4yrs

Tenure

US$2,483,133

Compensation

Mr. William C. Pate, also known as Bill, JD, has been the Chief Executive Officer and President of Par Pacific Holdings, Inc. since October 14, 2015. Mr. Pate served as a Managing Director and Co-President ...


CEO Compensation Analysis

Compensation vs. Market: Bill's total compensation ($USD2.48M) is about average for companies of similar size in the US market ($USD2.67M).

Compensation vs Earnings: Bill's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.3yrs

Average Tenure

45.5yo

Average Age

Experienced Management: PARR's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

4.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: PARR's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$21,99420 May 19
Ivan Guerra
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer & Controller
Shares1,036
Max PriceUS$21.23
SellUS$8,259,51303 Apr 19
Whitebox Advisors, LLC
EntityCompany
Shares457,388
Max PriceUS$18.06
SellUS$8,370,02702 Apr 19
Whitebox Advisors, LLC
EntityCompany
Shares463,508
Max PriceUS$18.06
SellUS$9,152,33121 Feb 19
Whitebox Advisors, LLC
EntityCompany
Shares557,181
Max PriceUS$17.25
BuyUS$2,266,61521 Feb 19
Whitebox Advisors, LLC
EntityCompany
Shares137,500
Max PriceUS$16.64

Ownership Breakdown


Management Team

  • Suneel Mandava (45yo)

    Senior Vice President of Finance

    • Tenure: 0yrs
  • Bill Pate (55yo)

    President

    • Tenure: 4yrs
    • Compensation: US$2.48m
  • Jim Yates (59yo)

    Senior Vice President

    • Tenure: 4.4yrs
    • Compensation: US$881.26k
  • Will Monteleone (35yo)

    CFO & Director

    • Tenure: 7.2yrs
    • Compensation: US$1.30m
  • Matt Vaughn (46yo)

    Senior VP

    • Tenure: 5.3yrs
    • Compensation: US$883.31k
  • Lisa Esparza

    Chief Human Resources Officer

    • Tenure: 2.4yrs
  • Ivan Guerra (37yo)

    Chief Accounting Officer & Controller

    • Tenure: 1.6yrs

Board Members

  • Mel Klein (77yo)

    Chairman Emeritus

    • Tenure: 0yrs
    • Compensation: US$270.00k
  • Walter Dods (77yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$160.00k
  • Rob Silberman (61yo)

    Independent Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: US$180.00k
  • Mel Cooper (65yo)

    Independent Director

    • Tenure: 7.2yrs
    • Compensation: US$167.50k
  • Bill Pate (55yo)

    President

    • Tenure: 4yrs
    • Compensation: US$2.48m
  • Curt Anastasio (62yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$180.00k
  • Joseph Israel (47yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$1.65m
  • Katherine Hatcher (50yo)

    Independent Director

    • Tenure: 0.8yrs
  • Will Monteleone (35yo)

    CFO & Director

    • Tenure: 7.2yrs
    • Compensation: US$1.30m
  • Timothy Clossey (60yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$177.50k

Company Information

Par Pacific Holdings, Inc.'s company bio, 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
  • Market Cap: US$1.154b
  • Shares outstanding: 51.01m
  • 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

Biography

Par Pacific Holdings, Inc. owns, manages, and maintains interests in energy and infrastructure businesses. The company operates in three segments: Refining, Retail, and Logistics. The Refining segment oper ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:30
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.